Finance

MNB

Budapest Bank profit falls 30% in H1

First-half after-tax profit of Budapest Bank fell 30% year-on-year to HUF 6.4 billion, the lender said on Monday, as reported...

MNB

MNB extends SRB requirement to non-problem FX project loans

The National Bank of Hungary (MNB) on Monday said it will extend a systemic risk buffer (SRB) requirement earlier rolled...

MNB

Gov’t has no exchange rate target

Prime Minister Viktor Orbán’s cabinet chief Gergely Gulyás said the government had no exchange rate target when asked about the...

Debt

ÁKK sells HUF 59.9 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 59.9 billion of bonds at auction on Thursday, raising its...

MNB

MNB notes downside inflation risks, impact of Plusz bonds

Downside inflation risks have strengthened, the rate-setting Monetary Council of the National Bank of Hungary (MNB) said at its monthly...

Debt

ÁKK bond buyback far exceeds plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 88.17 billion of bonds expiring in 2020 and 2021...

Debt

ÁKK sells HUF 15 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

145 companies registered for MNB’s corporate bond scheme

Some 145 companies with combined total assets nearing around 15% of GDP have registered to date in the MNB’s Bond...

MNB

4iG shareholders okay bond issue; shares included in CECE index

Shareholders of listed IT company 4iG mandated the board to issue up to HUF 30 billion of corporate bonds, to...

Debt

Weekly Plusz bond subscription back to almost HUF 100 bln

Subscription for Hungarian Government Security Plus (MÁP Plusz) bonds for retail investors reached HUF 97.0 billion in the 14th week...

Banking

Tax authority employing new control methods – Deloitte

Big Four professional services firm Deloitte says the National Tax and Customs Administration (NAV) has changed tack recently, mostly checking...

Ratings

Moodyʼs withdraws Takarék Mortgage Bankʼs ratings

Moodyʼs Investors Service has withdrawn the Ba3 local and foreign currency long-term deposit ratings and b1 Baseline Credit Assessment (BCA)...

MNB

Trade surplus reaches EUR 276 mln in July

Hungary had a EUR 276 million trade surplus in July, up just EUR 19 mln from the same month a...

MNB

MNB intʼl reserves climb EUR 1.666 bln in August

The international reserves of the National Bank of Hungary (MNB) stood at EUR 28.762 billion at the end of August, up...

Debt

ÁKK sells 12-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount 12-month T-bills at auction on Thursday, in line...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...