Finance

MNB

Trade surplus drops to EUR 878 mln in April

Hungary’s surplus in external trade in goods dropped by EUR 98 million to EUR 878 mln in April, compared to...

Banking

Hungary signs OECD tax convention

Hungary was among the signatories of a multilateral tax convention within the framework of a ministerial meeting of the OECD...

Debt

ÁKK buys back HUF 47.54 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 47.54 bln of bonds expiring in 2018 and 2019 before...

MNB

MNB int’l reserves down EUR 648 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.729 billion at the end of May, down...

Debt

ÁKK sells planned volume of 3-month bills at rising yield

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

Debt

ÁKK sells HUF 25 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, in line with...

Ratings

Takarékbank, savings coops make offer for FHB

Takarékbank, acting in consortium with a number of savings cooperatives, will offer HUF 533 per share - the statutory minimum...

Debt

ÁKK sells HUF 36 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 36 billion of bonds maturing in 2026 for bonds expiring...

Debt

ÁKK sells planned volume of 3-month bills at unchanged yield

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

MNB

Immofinanz Hungary adds EUR 468.9 mln to group in Q1

The Hungarian properties of real estate firm Immofinanz, representing 11.8% of the company’s total portfolio (excluding Russia), had a carrying...

Banking

NAV should fill tax returns for small businesses, says chamber

The Hungarian Chamber of Commerce and Industry (MKIK) is proposing that the National Tax and Customs Administration (NAV) prepare small...

MNB

Third of non-financialsʼ loans exposed to interest rate risk, says MNB

About HUF 2 trillion or a third of all outstanding loans of Hungarian companies were floating-rate forint loans, directly exposed...

Banking

K&H Q1 profit lifted by lower costs, taxes

The K&H banking groupʼs first-quarter after-tax profit rose 8% year-on-year to HUF 10.1 billion as client numbers rose while costs...

Debt

ÁKK sells HUF 40 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds at auction today, raising its original...

MNB

One-offs lift banking sector profits in 2016, says MNB

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs,...

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...