Finance

Debt

ÁKK buys back HUF 19.13 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 19.13 billion of bonds expiring in 2018 before maturity...

MNB

MNB keeps base rate on hold at 0.9%, as expected

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

Ratings

Takarékbank, savings coops to make buyout offer for FHB

Takarékbank and 21 other members of savings cooperative integrator SZHISZ have agreed to make a buyout offer for the outstanding...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield rises

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

Banking

Taxation of the Automotive Industry: Problems Along the Chain

The automotive industry plays a significant role in the Hungarian economy; it already contributes more than 10% of GDP and...

MNB

Erste boosts corporate loans, benefitting from end of FGS

Erste Bankʼs volume of new corporate loans grew HUF 30 billion or 50% year-on-year in the first four months of...

MNB

Wabererʼs plans IPO in July, says FT

Hungarian road haulage company Wabererʼs International is preparing for a listing on the Budapest Stock Exchange in July, international business...

MNB

Lenders can apply for MNB mortgage certification from June

Banks will be able to apply from June 1 to receive the "consumer-friendly home loan" certification the National Bank of...

MNB

Four-quarter net household savings ratio falls to further in Q1

Hungaryʼs rolling four-quarter net household savings ratio fell to 4.4% of GDP in Q1, preliminary data released by the National...

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, sticking to its...

Debt

ÁKK sells HUF 37 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of bonds maturing in 2025 and 2026 for...

MNB

State debt stood at 74.6% of GDP at end of Q1

Hungary’s state debt, calculated according to Maastricht rules, stood at 74.6% of GDP at the end of March, up from...

Banking

Parliament approves ad tax hike

An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield drops

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

MNB

Varga expects growth of over 4% throughout year

GDP growth was very favorable in the first quarter and could exceed 4% throughout the year, Minister for National Economy...

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...