Finance

Debt

ÁKK sells HUF 42 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 42.0 billion of securities at auction on Thursday, raising its...

MNB

Wabererʼs doubles profit, eyes further acquisitions

Net income of listed road haulage company Wabererʼs doubled to EUR 18.4 million last year, an earnings report released early...

MNB

MNB intʼl reserves down EUR 858 mln in February

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.556 billion at the end of February, down...

Debt

ÁKK sells HUF 19.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 19.5 billion of bonds maturing in 2025 for bonds expiring...

Debt

ÁKK sells HUF 40.0 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

EIB loans in Hungary focus on SME development and competitiveness

Last year, the EIB Group signed loans worth EUR 700 million with Hungary to promote SMEs, urban development and competitiveness....

MNB

Erste Bank Hungary net income up 23% in 2017

Net income of the Hungarian business of Austriaʼs Erste Group rose 23.4% to EUR 164.9 million last year, an earnings...

Debt

ÁKK sells HUF 79.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 79.5 billion of bonds at auction on Thursday, raising its...

MNB

Masterplast increases both revenues and profit

Net income of stock exchange-listed Hungarian building materials maker Masterplast rose 15% to EUR 2.65 million last year, lifted by...

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...

Ratings

Scope affirms Hungary’s credit rating of BBB

Credit rating agency Scope has changed the outlook on Hungaryʼs BBB sovereign rating from "stable" to "positive." At the same...

Banking

CMS Budapest adds senior expert to tax team

Judit Kresz, previously head of tax of a regional law firm, joined the tax team of legal and tax services...

Debt

ÁKK sells HUF 60 bln of six-week T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 60 billion of discount six-week T-bills at a liquidity auction on Monday,...

Debt

ÁKK sells HUF 51.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 51.5 billion of securities at auction on Thursday, raising its...

MNB

MFB to launch EUR 500 mln bond issue

The state-owned Hungarian Development Bank (MFB) will issue euro-denominated bonds with a limit of EUR 500 million over a period...

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...