Finance

Debt

ÁKK buys HUF 3.7 bln of bonds at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought HUF 3.7 bln of bonds before maturity at a reverse auction today, Hungarian...

Debt

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

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

MNB

Immofinanz Hungary represents 8.7% of total portfolio

Properties of Immofinanz in Hungary had a carrying amount of €476.1 million in the past financial year, representing 8.7% of...

MNB

Hungarians still borrowing more than they repay

In May, people continued to take out several million forints more in loans than the amount they repaid, so that...

Debt

ÁKK cuts offer at twelve-month T-bill auction on moderate demand

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount twelve-month T-bills at auction today, lowering its original...

MNB

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

Ratings

Moodyʼs upgrades K&H, Erste, Budapest Bank and MKB

Moodyʼs Investors Service said late yesterday it upgraded the ratings of K&H Bank in Hungary, Erste Bank Hungary, Budapest Bank...

Debt

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

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 20 bln of bonds maturing in 2025 for ones expiring in 2018...

MNB

National Bank of Hungary keeps base lending rate at 0.9%

The Monetary Policy Council (MPC) of the National Bank of Hungary kept the base lending rate on hold at 0.9%...

Debt

ÁKK sells HUF 30 bln of three-month T-bills, as planned

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

Debt

Wingholding corporate bonds take wing

Hungarian property developer Wingholding sold €11.35 million of corporate bonds at auction on July 20, the company said Friday, according...

MNB

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

Ratings

S&P upgrades OTP Bank to ‘BB+’

Citing positive developments in Hungaryʼs overall banking system, S&P Global Ratings Services raised its long-term foreign and local currency counterparty...

Ratings

S&P affirms Takarékbank ratings, suggests bank could do better

Saying the bank compares poorly with its peers, S&P Global Ratings Services yesterday said it affirmed its “BB/B” long- and...

Debt

ÁKK sells HUF 58.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of bonds at auction on Thursday, raising its...

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...