Finance

MNB

MNB: EU transfers mitigate drop in external financing capacity

A rise in EU transfers reduced the decline in Hungaryʼs external financing capacity last year, and, coupled with continued net...

MNB

MNB sees sustainable lending growth ahead

Credit lending has restarted in Hungary, with corporate lending growing by 5-10%, while retail lending shows a sustainable annual growth...

Debt

ÁKK sells HUF 97 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 97 billion of bonds at auction on Thursday, raising its...

Ratings

Election result ensures economic policy continuity, say analysts

The victory of the ruling coalition in Sundayʼs Hungarian legislative elections will ensure economic policy continuity, Fitch Ratings said on...

Debt

ÁKK sells HUF 60 bln of three-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 60.0 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

Trade surplus at EUR 838 mln in February

In euro terms, exports increased by 5.0% and imports by 4.5% in February 2018 compared to the same month of...

MNB

Hungaryʼs central bank international reserves growing

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 23.059 billion at the end of March, up EUR...

MNB

EXIM signs MoU with 13 lenders

Magyar Eximbank and its credit insurance arm, which operate under the moniker EXIM, signed a memorandum of understanding (MoU) with...

Debt

ÁKK sells HUF 57 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 57 billion of securities at auction on Thursday, raising its...

Debt

OTP mortgage bonds well oversubscribed

OTP Mortgage Bank conducted an auction of its five-year mortgage bonds on April 3, carrying out the issue of the...

Debt

ÁKK switch auction bond sale falls short of plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 30.5 billion of bonds maturing in 2026 and 2028, accepting...

MNB

ESA deficit could fall to 1.6% of GDP by 2020, says MNB

In its latest quarterly Inflation Report, the National Bank of Hungary (MNB) is predicting that in the most favorable scenario,...

Debt

ÁKK sells HUF 40 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

State debt at 73.6% of GDP at end of 2017

Hungaryʼs gross consolidated state debt, calculated according to Maastricht rules and including the liabilities of state-owned Magyar Eximbank, stood at...

MNB

MNB maintains capital buffer; introduces interbank funding cap

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer, introduced in 2016 to mitigate...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...