Finance

Ratings

Moodyʼs removes affirmation from some M6 Duna notes

Moodyʼs Investors Service has removed the affirmation from the EUR 212 million Floating Rate Secured Notes due 2025 (ISIN XS0245906150)...

Debt

ÁKK sells HUF 73.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a total of HUF 73.5 billion of bonds at auction yesterday, raising its...

MNB

Hungary general govʼt contingent liabilities at 17.5% of GDP

Contingent liabilities of Hungaryʼs general government, such as government guarantees, liabilities related to off-balance public-private partnerships (PPPs) and liabilities of...

Debt

ÁKK reverse auction purchases exceed plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 21.32 billion of bonds expiring in 2019 or 2020...

Debt

ÁKK sells HUF 25 bln of 3-month T-bills, under plan

The Government Debt Management Agency (ÁKK) sold HUF 25.0 billion of discount three-month T-bills at auction on Tuesday, lowering its...

Debt

ÁKK auction sales fall slightly below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 44 billion of securities at auction on Thursday, HUF 2...

Debt

ÁKK sells HUF 34.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 34.5 billion of bonds maturing in 2026 and 2028, accepting bonds expiring...

Debt

ÁKK sells HUF 30 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line...

Ratings

Moodyʼs upgrades Takarék Mortgage Bankʼs ratings, outlook

Moodyʼs Investors Service has announced an upgrade of the long-term local and foreign-currency deposit ratings of Hungaryʼs Takarék Mortgage Bank...

Debt

ÁKK bond sales fall slightly short of plan

The Government Debt Management Agency (ÁKK) sold a total of HUF 62 billion of bonds at auction on Thursday, lowering...

Banking

What Will Cafeteria Bonuses Look Like in 2019?

The latest tax code, ratified by the Hungarian Parliament in November massively changes the country’s popular “cafeteria” system. Companies will...

MNB

OTP closes Bulgarian Société Générale unit acquisition

OTP Bank on Wednesday said it closed the acquisition of the Bulgarian unit of Franceʼs Société Générale Group on January...

Debt

ÁKK buys back HUF 38.1 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 38.1 billion of bonds maturing in 2020 at a reverse auction...

Debt

ÁKK sells HUF 30 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Dentons advises Vinci on PPP concession for Belgradeʼs airport

Dentons has advised Vinci Airports on the 25-year PPP concession in respect of Belgrade’s Nikola Tesla Airport, covering the airportʼs...

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...