Finance

Debt

ÁKK sells HUF 65 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 65 billion of three, five and ten-year bonds at auction...

Ratings

ALD receives positive outlook from S&P

S&P Global Ratings has revised its outlook on ALD, which offers leasing and fleet management services across 43 countries including...

MNB

Eurostat maintains reservation on Eximbank accounting

Eurostat continues to have reservations on the way Hungary classifies Magyar Eximbank in its national accounts statistics, the European Unionʼs...

Debt

ÁKK sells HUF 25 bln of three-month T-bills, yield rises

The Government Debt Management Agency (ÁKK) sold the originally offered HUF 25 billion of discount three-month T-bills at auction on...

Ratings

Moodyʼs upgrades banks, but not sovereign rating

Moodyʼs Investors Service has made some upgrades, but not the sovereign rating upgrade most awaited by the Hungarian government. At...

Debt

ÁKK sells HUF 34 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 34 billion of securities at auction on Thursday, higher than...

MNB

External financing surplus widens as EU capital transfers restart

Hungaryʼs external financing capacity rose to EUR 539 million in August from a mere EUR 14 mln in July, mainly...

Debt

ÁKK sells HUF 20 bln of three-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

Despite strategy shift, Raiffeisen still looks to retail for returns

The local unit of Austrian-owned Raiffeisen Bank isnʼt "turning its back" on its retail clients in spite of a strategy...

Debt

ÁKK sells HUF 53.5 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 53.5 billion of bonds at auction on Thursday, raising its...

MNB

Banks offer 104 ‘consumer-friendly’ home loan products

All major banks and savings cooperatives in Hungary are offering "consumer-friendly" home loan products, providing consumers a total of 104...

Debt

ÁKK sells planned three-month bills, yield unchanged

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Negative real interest rates could stay for years – Nagy

Real negative interest rates could remain for 7-8 years, and offer a historical opportunity to businesses, households and the government,...

MNB

Bird flu impacts Hungarian trade surplus

Hungaryʼs external trade in goods saw a EUR 440 million surplus in August, down EUR 119 mln year-on-year, according to...

Debt

Hungary issues ten-year EUR 1 bln eurobond at 1.9% yield

Hungary has issued a ten-year EUR 1 billion eurobond at a yield of 1.9%, Minister for National Economy Mihály Varga...

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...