Finance

Debt

ÁKK sells HUF 45 bln of bonds at auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of bonds at auction today, in line with...

Debt

ÁKK cuts offer at three-month T-bill auction

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 23 billion of discount three-month T-bills at auction today, cutting its original...

MNB

Hungaryʼs external trade surplus at EUR 903 mln in October,

Hungaryʼs external trade surplus was up by EUR 179 million to EUR 903 mln in October, compared to the same...

Banking

Further tax cuts hinge on growth, says Varga

Hungaryʼs government could consider further tax reductions if the countryʼs economy grows at a steady rate of more than 3%,...

MNB

Hungary net external financing capacity at 8.6% of GDP in Q3

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was EUR 2.371 billion or 8.6% of quarterly GDP in the...

Banking

FHB to book close to HUF 4 bln extraordinary Q4 loss

FHB Mortgage Bank will book an extraordinary loss of almost HUF 4 billion in the fourth-quarter because of a lower...

MNB

EUʼs anti-fraud office suspects fraud in Budapest metro construction, Politico says

European anti-fraud office OLAF suspects fraud in connection with the building of Budapest’s fourth metro line and has suggested Hungary...

MNB

MNB raises projections for household consumption, investments

The National Bank of Hungary (MNB) markedly raised its projections for both household consumption and investments next year in a...

MNB

Market reaction to MNB decision ʼoverdoneʼ , Nomura says

Market reaction to the National Bank of Hungary’s (MNB) decision to keep rates unchanged, as expected, and reduce the 3m...

MNB

MNB requires mortgage lenders to hold more long-term liabilities

The MNBʼs 15% Mortgage Funding Adequacy Ratio (MFAR), requiring lenders to back at least 15% of their net mortgage loans...

Debt

ÁKK accepts no bids at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) did not accept any bids at a reverse auction today, according to Hungarian news...

MNB

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

The National Bank of Hungary’s (MNB) Monetary Council (MC) left the central bank’s base rate on hold at 0.9% at...

Debt

Yields drop below 0.1% at three-month bill auction

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

MNB

Immofinanz sees 5% rental income growth in Hungary

In the first half of this financial year, the rental income of Immofinanz in Hungary increased by 5% and now...

MNB

Report: Hungarian banks make most from customers in region

Banks in Hungary outstrip their regional peers in terms of having the highest net margins (adjusted for provisions), meaning that...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...