Finance

Debt

ÁKK sells HUF 25 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction on Thursday, raising its...

Ratings

Fitch affirms ratings of three Hungarian banks

Fitch Ratings on Thursday affirmed the long-term Issuer Default Ratings (IDRs) of K&H Bank and Erste Bank Hungary at ʼBBBʼ...

MNB

MNB allots almost HUF 216 bln at EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted a combined HUF 215.6 billion of swaps against euros at a tender on...

Debt

ÁKK sells planned three-month bills, yield up

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

MNB

Hungarians using fewer credit cards

At the end of June, the number of credit cards was 76,000 fewer than one year ago, while use of...

MNB

MNB confirms state debt at 74.4% of GDP at end of H1

Hungaryʼs state debt, calculated according to Maastricht rules, decreased from 74.9% of GDP at the end of March to 74.4%...

Debt

ÁKK sells HUF 60 bln of bonds, HUF 13 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 60 billion of bonds at auction on Thursday, raising its...

Ratings

Moodyʼs keeps positive outlook on Hungaryʼs banking sector

Moodyʼs Investors Service has maintained its outlook on Hungaryʼs banking system at positive due to its expectation that the countryʼs...

Debt

ÁKK to replace dollar bonds with eurobond

Hungaryʼs Government Debt Management Agency (ÁKK) on Tuesday said it plans to issue a low-interest, long-term eurobond to refinance high-interest...

Debt

ÁKK sells HUF 15 bln of three-month bills at -0.06% yield

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

MNB

Monetary policy loosening has desired effect

Bond yields fell and the Hungarian forint returned to a weaker level after the National Bank of Hungary (MNB) loosened...

Banking

MNB sees ‘moderate’ impact of wage hikes on inflation

The National Bank of Hungary (MNB) played down the impact of steep wage growth on inflation in its quarterly Inflation...

Debt

ÁKK sells HUF 25 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction on Thursday, higher than...

MNB

Net external financing capacity up in Q2

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - rose to EUR 3.122...

Debt

ÁKK exchanges HUF 20 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged bonds maturing in 2020 for HUF 20.0 billion of bonds maturing in 2026...

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...