Finance

Debt

ÁKK plans moderate net forint issues in Feb-April

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 74 billion in the February-April period, with...

Debt

ÁKK sells more bonds than planned at auction, yields jump

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 56 bln of bonds at auction on Thursday, over the...

Debt

ÁKK buys back HUF 42.8 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 42.84 bln of bonds expiring in 2018 before maturity at...

MNB

CA Immo buys out Union Investment Real Estate AG

CA Immo has concluded negotiations with Union Investment Real Estate AG on buying the company out by purchasing a 49%...

Debt

ÁKK sells planned volume of three-month T-bills at auction

Hungary’s Government Debt Management Agency (ÁKK) sold the planned HUF 30 billion of three-month discount T-bills at auction today, Hungarian...

MNB

MNB allows NPL adjustment for MLS participants

The National Bank of Hungary (MNB) will allow banks participating in the Market-Based Lending Scheme (MLS) to ignore repayments on...

MNB

Nomura: Hungary’s BUBOR seen falling further

While BUBOR (the Budapest Interbank Offered Rate) is seen falling further, the National Bank of Hungary (MNB) could retain its...

MNB

Hungary announces end to residency bonds

The sale of residency bonds, the subject of some controversy lately, is coming to an end, as Hungaryʼs Government Debt...

Debt

ÁKK sells planned HUF 40 bln of 12-month T-bills

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of securities at auction today, in line with...

Ratings

Optimistic views on expected eventful 2017 economy

Pundits are apparently optimistic about 2017 as far as the economy and its processes are concerned. However, to be better...

Debt

ÁKK sells HUF 32 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 32 bln of bonds maturing in 2024 and 2025 for ones expiring...

Ratings

Analysis: solid monetary outlook for 2017, albeit with built-in risks

The Hungarian currency is expected to do well in 2017, but risks still lie ahead which might make the projected...

Debt

ÁKK sells planned volume of 3-month T-bills at auction

Hungaryʼs Government Debt Management Agency (ÁKK) sold the planned HUF 30 bln of three-month discount T-bills at auction today, according...

MNB

Trade surplus up to EUR 908 mln in November

Hungary’s trade surplus was up EUR 130 million to EUR 908 mln in November compared to the same month a...

MNB

MNB intʼl reserves fall EUR 767 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.384 billion at the end of December 2016,...

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...