Finance

Ratings

Moody’s leaves Hungary’s rating at Baa3

Moodyʼs Investors Service did not upgrade Hungaryʼs sovereign rating further, although a review was on its EU sovereign rating calendar...

MNB

MLS banks raise SME outlays over HUF 300 bln last year

Banks that participated in the Market-Based Lending Scheme (MLS) raised their outlays to SMEs by HUF 302 billion last year,...

MNB

Hungary’s external trade surplus grows to EUR 9.9 bln in 2016

Hungary’s surplus on the trade balance increased by EUR 1.3 billion and amounted to EUR 9.9 bln in 2016 as...

Debt

ÁKK sells HUF 48 bln of bonds at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK buys back HUF 20.98 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 20.98 bln of bonds expiring in 2018 before maturity...

Debt

ÁKK sells HUF 20 bln of 3-month bills, as planned

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

MNB

Banks work to shed non-performing loans

In the last five years the ratio of banksʼ non-performing loans (NPLs) — those past 90 days due — compared...

Ratings

S&P affirms Hungary ‘BBB-/A-3’ ratings; outlook stable

Standard & Poorʼs Global Ratings said Friday it has affirmed Hungaryʼs long and short-term foreign and local currency sovereign credit...

Debt

ÁKK auctions HUF 20 bln 12-month bills, HUF 7.5 bln floaters

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

Debt

ÁKK sells HUF 40 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds maturing in 2022 and 2024 for...

MNB

Matolcsy: FX share of state debt should be cut to 10% by 2020

The share of state debt denominated in foreign currency fell to 31% by the end of 2015 and to 25%...

Banking

General gov’t runs HUF 123.4 bln surplus in January, ministry confirms

Hungaryʼs cash flow-based general government balance, excluding local councils, showed a HUF 123.4 billion surplus in January, the Ministry for...

Debt

ÁKK sells planned HUF 20 bln of 3-month bills at auction

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

MNB

MNB allots HUF 100 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros at a tender Monday,...

Debt

ÁKK plans moderate net forint issues in March-May

Hungary’s Government Debt Management Agency (ÁKK) plans net forint security issues of HUF 99 billion in March-May, with net bond...

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...