Finance

MNB

Trade surplus amounts to EUR 913 mln in May

In euro terms, exports increased by 18.8% and imports by 18.4% in May 2017 compared to the same month of...

MNB

MNB allots HUF 228 bln of lending-linked swaps at tender

The National Bank of Hungary (MNB) accepted bids for interest rate swaps conditional on lending activity (LIRS) worth a total...

Debt

ÁKK sells HUF 40 bln of bonds, according to plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds at auction on Thursday, in line...

Debt

ÁKK buys back HUF 80.8 bln of bonds early at reverse auction

The Government Debt Management Agency bought a combined HUF 80.8 bln of bonds expiring in 2018 and 2019 before maturity...

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...

MNB

MNB leaves countercyclical capital buffer at 0%

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer (CCyB), established last year to...

MNB

Hungary state debt 74.3% of GDP at end of Q1

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of March, up from...

MNB

Hungary’s trade surplus drops to EUR 865 mln in April

Hungary’s trade surplus dropped by EUR 111 million to EUR 865 mln in April, compared to the same period a...

MNB

ÁKK cuts commissions to slow sales of retail securities

The Government Debt Management Agency (ÁKK) yesterday said it is cutting the commission on sales of retail government securities by...

MNB

Wabererʼs offer price set at HUF 5,100, low end of range

The offer price in an IPO of shares of Hungarian haulier Wabererʼs International was set at HUF 5,100 per share,...

Debt

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

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at auction today, raising its original...

Debt

ÁKK sells HUF 12.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 12.5 bln of bonds maturing in 2026 for bonds expiring...

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...

MNB

Diehl invests HUF 3.7 bln in capacity expansion

Germanyʼs Diehl Aerosystems is investing HUF 3.7 billion in increasing the production capacity of Diehl Aircabin Hungary, based in Nyírbátor...

Ratings

Moodyʼs upgrades MKB Bankʼs deposit ratings to B2

Moodyʼs Investors Service today upgraded the long-term local and foreign-currency deposit ratings of MKB Bank Zrt. from B3 to B2,...

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...