Finance

MNB

MNB sets mortgage bond purchase scheme cap

The National Bank of Hungary (MNB) will cap its purchases of mortgage bonds at 70% in a scheme to be...

Debt

ÁKK buys back bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 53.72 billion of bonds expiring in 2018 and 2019...

MNB

ÁKK to offer primary dealers domestic eurobonds

Hungaryʼs Government Debt Management Agency (ÁKK) will start offering primary dealers domestic issues of eurobonds at auction on a quarterly...

MNB

MNB leaves base rate, ups GDP growth forecast

The Monetary Council of the National Bank of Hungary (MNB) decided to keep its key rate on hold at 0.90%...

MNB

Low-yield environment boosts demand for NPLs

The low-yield environment in Hungary is lifting factoring companiesʼ demand for non-performing loans (NPLs), pro-government daily newspaper Magyar Idők reported...

MNB

MOL signs EUR 750 mln revolving credit facility

Hungarian oil and gas company MOL entered into a EUR 750 million revolving credit agreement with 13 banking groups on...

MNB

MVM signs HUF 200 bln credit agreement

The state-owned Hungarian Electricity Works (MVM) has signed a HUF 200 billion revolving credit agreement with a consortium consisting of...

MNB

Current account balance shows deficit in October

Hungary had a current account deficit of EUR 7.5 million in October, a sharp drop from a EUR 606 mln...

Debt

ÁKK auctions HUF 20 bln of discount 12-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount twelve-month T-bills at an auction on Thursday, in...

Debt

ÁKK cuts three-month bill sale, sending yield below zero

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

MNB

MFB to auction EUR 50 mln of euro bonds on Dec. 18

The state-owned Hungarian Development Bank (MFB) will offer EUR 50 million of euro-denominated bonds maturing in July 2019 at a...

MNB

Hungary trade surplus at EUR 522 mln in October

Hungary had a EUR 522 million trade surplus in October, the Central Statistical Office (KSH) said in a first reading...

Banking

The Tax Aspects of Hungarian Real Estate

No wonder that real estate plays a major role in the overall M&A market, since these properties represent financial and...

Debt

ÁKK sells HUF 54 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a total of HUF 54 billion of bonds at auction on Thursday, raising...

MNB

MNB maintains schedule of systemic risk buffer increases

The Financial Stability Board of the National Bank of Hungary (MNB) has decided at an annual review to leave the...

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...