Finance

Debt

ÁKK buys back HUF 9.9 bln of bonds at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought back HUF 9.9 bln of bonds before maturity at a repurchase auction on...

Debt

ÁKK sells HUF 25 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount three-month T-bills at auction today (Tuesday), in line...

MNB

MNB keeps countercyclical capital buffer at zero to prop lending

The National Bank of Hungary (MNB) has decided to maintain the countercyclical capital buffer (CCyB) at zero in order to...

MNB

Nomura analysts expect BUBOR at 0.7% this year

While many factors and a number of scenarios should be considered when trying to forecast where the BUBOR rate of...

Debt

Hungary may issue or swap FX bonds after rating upgrade, analysts say

The state of Hungary could issue an FX bond or swap USD bonds for euro-denominated bonds, taking advantage of low...

MNB

Net external financing capacity at 8% of GDP in Q2

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was EUR 2.204 bln, or 8% of quarterly GDP in the...

MNB

Inflation to approach 3% target only by mid-2018, says MNB

Inflation remains persistently low, and will get close to 3%, which represents price stability, by the middle of 2018 only,...

MNB

Erste Hungary mortgage arm launches HUF 200 bln mortgage-backed bond program

Erste Mortgage Bank will launch a HUF 200 billion mortgage-backed bond program in order to meet Mortgage Loan Financing Adequacy...

MNB

Immofinanz reports stable Q1 financial results

Real estate firm Immofinanz recorded stable operating results in the first quarter of its 2016 financial year at EUR 45.3...

MNB

Central bankʼs 3M depo cap seen stricter than expected

While the market almost unanimously expected the Monetary Council of the National Bank of Hungary (MNB) to cap 3M deposit...

MNB

Central bank caps 3M deposits at HUF 900 bln

The Monetary Council of the National Bank of Hungary (MNB) today decided to put a cap on the amount banks...

Debt

ÁKK sells HUF 20 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of bonds maturing in 2022 for ones expiring in 2018...

Debt

ÁKK sells HUF 40 bln of three-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

MNB

Government steps up payouts of advances on EU funding

Hungaryʼs government started paying out advances to recipients of European Union funding in earnest in July, the latest monthly balance...

MNB

Nomura tags today’s MNB meeting ‘more important than usual’

Although analysts at Japanʼs Nomura, in line with the market consensus, do not expect rate setters of the National Bank...

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...