Finance

MNB

MNB Aims to Boost Options Thru Corporate Bonds

The National Bank of Hungary (MNB) is launching a new bond program next month with the aim of boosting and...

Banking

Bill would limit e-cigarette sales to state-run tobacco shops

A bill submitted to Parliament on Thursday by an MP of governing Fidesz would limit sales of electronic cigarettes and...

MNB

Hungary net external financing capacity at 2.8% of GDP in Q1

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts -...

Banking

Government Vows to Continue ʼInvestment-friendlyʼ Economic Policy

The government will continue its investor-friendly economic policy, Minister of Finance Mihály Varga told a business forum of the American...

MNB

MNB in extraordinary FX swap tender to ease liquidity shortage

The National Bank of Hungary (MNB) provided EUR 463 million worth of forint liquidity to banks via an extraordinary one-week...

Debt

ÁKK bond auction sales exceed plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 78.0 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK buys back HUF 14.77 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 14.77 billion of bonds expiring in 2019 and 2020...

Ratings

Moody’s upgrades K&H, Erste Bank

Ratings agency Moody’s Investors Service on Tuesday upgraded the long-term local currency deposit ratings of two Hungarian banks, according to...

Debt

ÁKK sells T-bills according to plan

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills on Tuesday, in line with the...

Debt

Jul-Sep net forint issues to be in bonds – ÁKK

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 251 billion in July-September, with net discount...

MNB

OTP one of two bidders for Sloveniaʼs Abanka

Slovenia has received bids for its third largest bank, the state-owned Abanka, from U.S. investment fund Apollo and leading Hungarian...

Debt

ÁKK sells HUF 26 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 26.0 billion of securities at auction on Thursday, as planned,...

Debt

ÁKK sells HUF 38.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 38.51 billion of bonds maturing in 2026 and 2028, accepting ones expiring...

Banking

Number of corporate resorts down

The number of available places in corporate-run holiday resorts in Hungary is steadily decreasing, according to a report by news...

Debt

ÁKK T-bill sale meets plan

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills at auction on Tuesday, 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...