Finance

MNB

MNB intʼl reserves down EUR 1.15 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.307 billion at the end of July, down...

MNB

Erste books EUR 95 mln H1 net income in Hungary

Austriaʼs Erste Group booked net income of EUR 95 million at its business in Hungary in the first half, down...

MNB

OTP Bank expanding in Serbia

The Serbian subsidiary of Hungaryʼs OTP Bank, OTP banka Srbija a.d. Novi Sad, has signed an agreement to purchase 100%...

Debt

ÁKK sells HUF 45 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK buys back HUF 25.33 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 25.33 billion of bonds expiring in 2018 and 2019...

Debt

ÁKK sells HUF 15 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

External trade surplus EUR 959 mln in May

Both exports and imports grew by close to 20% in euro terms in May, according to a second estimate of...

Ratings

Moodyʼs upgrades Erste Bank Hungary Zrt.ʼs deposit ratings

Moodyʼs Investors Service yesterday upgraded Erste Bank Hungary Zrt.ʼs (EBH) long- and short-term local and foreign-currency deposit ratings to Baa3/Prime-3...

Debt

ÁKK sells HUF 20 bln of securities at auction as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 20 bln of securities at auction today, in line with...

Debt

ÁKK sells HUF 22.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of bonds maturing in 2026 for ones expiring...

Debt

Hungary issues panda bonds for RMB 1 bln

Hungary has issued yuan-denominated "panda" bonds, targeted at the domestic Chinese market, for the value of RMB 1 bln with...

Debt

ÁKK sells HUF 15 bln of three-month T-bills, as planned

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

Banking

Failing to comply with new rules could bring HUF 20 mln fine

Under a new legislation that took effect in May and requires new reporting requirements for the transfer prices of multinational...

MNB

MNB fines Porsche Bank HUF 19 mln

The National Bank of Hungary (MNB) today said it has fined Porsche Bank HUF 19 million over shortcomings affecting the...

Ratings

S&P revises outlook on MOLʼs credit rating

International rating agency Standard & Poorʼs Global Ratings revised the outlook on MOLʼs credit rating to positive from stable, 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...