Finance

Debt

ÁKK sells more than planned bonds at dropping yields at auction

The Government Debt Management Agency (ÁKK) sold HUF 64 bln of bonds at auction on Thursday, raising its original offer...

Debt

ÁKK sells planned volume of three-month bills, yields rise

The Government Debt Management Agency (ÁKK) sold the planned HUF 40 bln of discount three-month T-bills at auction on today,...

Debt

ÁKK buys HUF 49.9 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 49.9 bln of bonds before their maturity in November 2017 while...

MNB

MNB: Half of non-performing mortgage loans could be restructured

Hungarian lenders could restructure the mortgage loans of half of the 130,000 Hungarians who have fallen three months or more...

MNB

MNB allots HUF 13.6 bln of IRS linked to lending at tender

The National Bank of Hungary (MNB) allotted HUF 13.6 bln of a new three-year interest rate swap instrument, to banks...

Debt

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

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 bln of securities at auction on Thursday, in line...

Debt

ÁKK exchanges HUF 32.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 32.5 bln of bonds maturing in 2024 and 2028 for ones that...

Debt

ÁKK cuts sale at three-month bill auction, yields rise

The Government Debt Management Agency (ÁKK) sold HUF 36 bln of discount three-month T-bills at auction on Tuesday, HUF 4...

Banking

Varga: Unexpectedly high taxes, contributions create surplus

Both tax income revenues and contributions came in higher than expected in the period of January-February, keeping the general government...

MNB

MNB inernational reserves rise €447 mln in February

The National Bank of Hungaryʼs (MNB) international reserves stood at €31.715 billion at the end of February, up €447 million...

Ratings

Moody’s leaves Hungary’s credit rating in ‘junk’ territory

Hungary’s credit rating remains in “junk” territory, one step below investment grade, Moody’s Investor Service announced after the close of...

Ratings

Analysts: Moodyʼs likelier to upgrade Hungary later, not today

Moodyʼs could raise Hungaryʼs sovereign rating to investment grade today, but it is more likely that the ratings agency will...

Debt

ÁKK sells HUF 75 bln of bonds at auction, HUF 25 bln over plan

The Government Debt Management Agency (ÁKK) sold HUF 75 bln of bonds at auction today, raising its original offer by...

Debt

ÁKK buys HUF 61.34 bln of bonds at reverse auction, far more than planned

The Government Debt Management Agency (ÁKK) bought HUF 61.34 bln of bonds before maturity at a reverse auction today, well...

Banking

Hungary offers tax benefits for Olympic supporters

The Hungarian Parliament today approved legislation to offer tax breaks to companies that financially support the capital’s bid to host...

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...