Finance

Banking

OTP Bank Completes Merger of 2 Slovakian Units

OTP has merged its Slovakian units....

Debt

ÁKK Sells HUF 104.5 bln of Securities at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 104.5 billion of securities at auction on Thursday, well over double the...

Debt

Hungary Has EUR 166 mln C/A Deficit in June

Hungary's current account had a EUR 166 mln deficit in June, after months of surpluses, preliminary monthly data released by...

Banking

Lender Liquidity Narrows Further in July

Forint liquidity of the domestic banking sector decreased in July, indicated by a fall in the average stock of credit...

MNB

MNB Business Confidence Index Edges up in July

The business confidence index of the National Bank of Hungary (MNB) rose to +1 point in July from -4 points...

Banking

OTP Q2 Profit Close to HUF 268 bln

Consolidated second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 267.9 billion, an earnings report released ahead...

Banking

Erste Bank Hungary H1 Profit Climbs to HUF 74.4 bln

First-half after-tax profit of Austrian-owned Erste Bank Hungary rose almost 60% year-on-year to HUF 74.4 billion, chairman-CEO Radovan Jelasity said...

Debt

Gen Gov’t Deficit Narrows to HUF 2.444 tln on July Surplus

Hungary's cash flow-based general government deficit narrowed to HUF 2.443 trillion at the end of July on a HUF 213...

Banking

KBC Books Q2 Net Income of EUR 121 mln in Hungary

Belgium's KBC booked net income of EUR 121 million at its banking and insurance business in Hungary, up 92% from...

MNB

MNB International Reserves Rise EUR 1.11 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.363 bln at the end of July, up...

Banking

CIB Bank Named ‘Best Bank for ESG’ in Hungary by Euromoney

CIB Bank has been awarded the "Best Bank for ESG" accolade by Euromoney financial magazine, recognizing its leadership in sustainable...

Trade

External Trade Surplus Reaches EUR 1.1 bln in June

According to the data by the Central Statistical Office (KSH), the external trade surplus amounted to EUR 1.1 billion, demonstrating...

Banking

Demand for Corporate Credit Flat in Q2

Demand for corporate credit was unchanged in the second quarter, a survey of loan officers by the National Bank of...

Banking

Households Borrow Net HUF 97 bln in June

Households took out net HUF 97 billion of loans in June, news agency MTI reports, citing monthly data released by...

Banking

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

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...

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...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...