Finance

MNB

Unicredit joins banks certified to offer consumer-friendly loans

UniCredit Bank Hungary has been certified with immediate effect to offer "consumer-friendly" home loans, state news wire MTI cited the...

MNB

MNB cuts 2018-2019 inflation forecasts, maintains GDP projections

The National Bank of Hungary (MNB) maintained its 2.4% inflation forecast for this year and kept its GDP projections unchanged...

Debt

ÁKK sells HUF 15 bln of 3-month bills at -0.05% yield

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

MNB

MNB keeps base rate on hold, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

MNB

External financing shrinks on goods trade deficit

Hungaryʼs external financing capacity fell sharply to just EUR 14 million in July as the foreign trade in goods saw...

Debt

ÁKK sells HUF 52.5 bln of bonds at auction, above plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 52.5 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK accepts no bids at reverse auction

The Government Debt Management Agency (ÁKK) planned to buy back a combined HUF 10 billion of bonds expiring in 2018...

Debt

ÁKK sells HUF 15 bln of 3-month T-bills at negative yield

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

MNB

Hungary trade surplus lower than expected

Hungary had a EUR 322 million trade surplus in July, the Central Statistical Office (KSH) said in a first reading...

Debt

ÁKK sells HUF 22.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at an auction on Thursday, higher...

MNB

National Bank international reserves up in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.366 billion at the end of August, up...

MNB

Hungary needs new euro criteria, says MNB deputy gov

Fulfilling the Maastricht criteria is not enough, as Hungary needs new, more relevant criteria to join the euro area and...

Debt

ÁKK exchanges HUF 38.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 38.5 billion of bonds maturing in 2022 and 2026 for...

Debt

Three-month T-bills sold at auction at negative yield

The Government Debt Management Agency (ÁKK) sold a planned HUF 15 billion of discount three-month T-bills at a negative yield...

MNB

MNB allots combined HUF 49.5 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) injected a total of HUF 49.58 billion forint liquidity into the Hungarian banking system...

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...