Finance

Debt

ÁKK sells planned 12-month T-bills at auction, yields rise

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of 12-month discount T-bills at auction on Thursday, as planned,...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds maturing in 2021 and 2024 for...

MNB

MNB allots HUF 150 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 150 billion, or EUR 480 million, as the offered volume of one-month...

Debt

ÁKK sells HUF 20 bln of 3-month bills at unchanged yield

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction Tuesday, in line with...

MNB

Trade surplus widens, capital transfers from EU drop in February

Hungaryʼs trade surplus neared EUR 950 million in February, up more than EUR 200 mln from January on a rising...

Debt

ÁKK sells HUF 56.5 bln of bonds, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 56.5 billion of bonds at auction on Thursday, HUF 11.5...

MNB

Households’ net financial assets surpass GDP in 2016

Net household financial assets in Hungary rose to HUF 35.752 billion at the end of 2016, and surpassed the countryʼs...

Debt

ÁKK buys back HUF 44.68 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 44.68 billion of bonds expiring in 2018 and 2019 before...

Debt

ÁKK sells HUF 20 bln of three-month bills, as planned

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

MNB

MNB allots HUF 200 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 200 billion of one-month forint swaps against euros at a tender on...

MNB

Immofinanz Hungary’s portfolio worth EUR 468 mln in 2016

By the end of 2016, the Hungarian portfolio of Immofinanz comprised 11.7% of the total, with the exclusion of Russia,...

MNB

APS Investment to acquire MARK Zrt.

Slovakian-based credit management company APS Investment will acquire the Hungarian Restructuring and Debt Management Company (MARK Zrt.), the National Bank...

MNB

MNB international reserves fall EUR 767 mln in March

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 24.398 billion at the end of March, down EUR...

MNB

Hungaryʼs net external financing capacity among highest in EU

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - fell in 2016, but...

Debt

ÁKK sells HUF 27 bln of securities at auction, HUF 2 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27 billion of securities at auction on Thursday, HUF 2...

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...