Finance

Debt

ÁKK buys HUF 16.5 bln of bonds at reverse auction, more than planned

The Government Debt Management Agency (ÁKK) bought HUF 16.5 bln of bonds before maturity at a reverse auction on Wednesday,...

MNB

MNB: Net general government borrowing in Hungary 1.8% of GDP in 2015

The net general government financing requirement, which is a good approximation of the general government deficit, was HUF 616 billion...

Ratings

IMF: Hungarian economy performing well, vulnerability declined

The Hungarian economy is performing very well and its vulnerability to shocks has declined substantially, although debt levels and financing...

Ratings

Report: Forint to depreciate as monetary policy is eased

Chief Economist Jörg Krämer of Germany-based Commerzbank predicts a depreciation of the Hungarian forint as the country’s monetary policy is eased, according...

Debt

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

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

Banking

Deloitte Hungary welcomes new leadership partner

Deloitteʼs Tax and Legal services leadership team in Hungary welcomed Péter Gerendási on September 1, 2015, according to an announcement...

MNB

CIB Bank refinances HUF 10 bln in mortgage loans

CIB Bank refinanced about HUF 10 bln in mortgage loans last year, Hungarian news agency MTI reported today....

MNB

MNB: Demand, allotment of IRSs linked to lending drops at 2nd tender

The National Bank of Hungary (MNB) allotted HUF 109.65 bln of its recently introduced three-year interest rate swap (IRS) conditional...

Debt

Retail government securities stock grows HUF 190 bln in January

Stock of retail government securities denominated in forints rose by HUF 189.6 billion to HUF 3.707 trillion in January, the...

Debt

ÁKK sells HUF 41 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 41 bln of securities at auction today, lowering its original...

Debt

ÁKK exchanges HUF 35.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 35.5 bln of bonds maturing in 2024 and 2025 for ones that...

Banking

Economy ministry drafts bill simplifying tax procedure

Hungary’s National Economy Ministry is expected to submit draft legislation to the government on simplifying tax procedures by the end of...

Debt

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

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

MNB

Banking association head notes success of MNB’s monetary policy

Mihály Patai, the head of the Hungarian Banking Association, acknowledged the success of the National Bank of Hungary’s monetary policy...

Debt

ÁKK sells more than planned bonds at auction, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 53 bln of bonds at auction today, HUF 3 bln...

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...