Finance

Debt

ÁKK sells HUF 47 bln of bonds at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 47 bln of bonds at an auction today, raising its...

MNB

MNB cracks down on unlicensed foreign factors

The National Bank of Hungary (MNB) outlined steps today for its crack down on the sale of impaired assets by...

Debt

ÁKK buys HUF 19.07 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 19.07 bln of bonds before maturity at a reverse auction today, according...

Banking

Growth tax credit could add HUF 240 bln to fiscal revenue

The Hungarian government foresees the growth tax credit adding approximately HUF 239.8 billion to fiscal revenue next year, according to...

MNB

MNB to terminate IRS tenders in July

The National Bank of Hungary (MNB) will hold its last tender on July 7 for interest rate swaps it offers...

Debt

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

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

MNB

MNB international reserves fall more than €1 bln in April

The National Bank of Hungaryʼs (MNB) international reserves stood at €26.432 billion at the end of April, down €1.119 bln...

MNB

MNB spends 0.3% of FGSʼ budget to communicate program

The National Bank of Hungary (MNB) said yesterday that it spent 0.3% of its Funding for Growth Scheme (FGS) budget...

MNB

MNB to pay HUF 50 bln dividend to budget

The National Bank of Hungary (MNB) will pay a HUF 50 bln dividend from last yearʼs earnings into the budget,...

MNB

MNB rolls out new incentive for SME lending

The National Bank of Hungary (MNB) said it will ease capital reserve requirements for banks who keep their promises to...

Debt

Twelve-month T-bill sales nearly halved on low demand

Hungaryʼs Government Debt Management Agency (ÁKK) sharply cut its offer for discount twelve-month T-bills on low demand at an auction...

MNB

Hungarian government submits bill proposal to lower bank levy

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that aims to reduce the extraordinary levy on...

MNB

Erste Bank Hungary operating profit down 24.4% in Q1

Austriaʼs Erste Group booked a first-quarter loss of €200,000 at its business in Hungary, a big improvement over a net...

Banking

Hungarian government submits 2017 tax bill

The Hungarian government submitted proposed changes to the 2017 tax bill to Parliament late yesterday, Hungarian news agency MTI reported....

Banking

State secretary outlines planned tax bill

The Hungarian government is planning to tie the excise tax on vehicle fuel to global energy prices and spending the...

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...