Finance

MNB

Ratio of FX state debt set to drop to 27%

The proportion of Hungary’s state debt denominated in foreign currency could fall to 27% by year’s end, György Barcza, head...

MNB

OTP Group receives HUF 55 mln fine

Hungary’s OTP Group received a fine of HUF 55 million by the National Bank of Hungary (MNB) on charges of...

Debt

ÁKK buys back HUF 29.4 bln of bonds at auction

The Government Debt Management Agency (ÁKK) bought back HUF 29.4 bln of bonds before maturity at a repurchase auction today,...

Debt

ÁKK plans net bond issues, T-bill and early bond repayments in Aug-Oct

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 212 billion in August-October; bond issues will...

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...

Ratings

Moodyʼs: Hungaryʼs debt dynamics remain benign in 2016-17

Hungaryʼs debt dynamics remain benign in 2016-17, despite challenges to economic growth and deficit revisions, ratings agency Moodyʼs Investors Service...

Debt

ÁKK sells HUF 45 bln of twelve-month bills, over plan

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount twelve-month T-bills at auction today, raising its original...

Debt

ÁKK exchanges 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 2024 for ones that expire in...

Debt

ÁKK sells HUF 50 bln of three-month T-bills, over plan

Hungaryʼs Government Debt Management Agency ( ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its...

Ratings

Moody’s leaves Hungary’s debt in ‘junk’ range

Moody’s Investors Service announced late yesterday that it would not upgrade Hungary’s sovereign debt rating from “junk” to investment grade....

Banking

Analyst: Soaring employment fuelled surprise budget surplus

Tightening employment and improving wages helped the government end the first quarter with a budget surplus, an unprecedented event in...

MNB

MNB international reserves fall €678 mln in June

The National Bank of Hungaryʼs (MNB) international reserves stood at €24.785 billion at the end of June, down €678 million...

Debt

ÁKK sells HUF 68.5 bln of bonds at auction, over plan

Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 68.5 bln of fixed-rate bonds at an auction today, HUF...

Debt

ÁKK buys back almost HUF 16 bln of bonds at repurchase auction

Hungaryʼs Government Debt Management Agency (ÁKK) bought back HUF 15.9 billion of bonds before maturity at a repurchase auction today,...

Debt

ÁKK sells HUF 50 bln of three-month T-bills, over plan

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original...

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...