Finance

Debt

ÁKK plans big net forint issues in first quarter

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 613 bln, nearly two-third of it in...

MNB

Forint mixed on interbank market

The forint was trading at 314.05 to the euro late Tuesday on the interbank forex market, down from final quotes...

Debt

ÁKK sells HUF 25 bln of three-month T-bills, HUF 5 bln over plan

The Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount three-month T-bills at auction today, HUF 5 bln...

MNB

Forint climbs up more on interbank market

The forint was trading at to 314.08 the euro late Monday on the interbank forex market, up from final quotes...

Ratings

S&P upgrades Takarékbank rating to ‘BB’

Standard and Poorʼs Ratings Services yesterday said it raised its long-term counterparty credit rating on Hungaryʼs Magyar Takarékszövetkezeti Bank (Takarékbank)...

MNB

CIB sees 2.8% GDP growth in 2015

Hungary’s GDP is expected to grow by 2.8% this year and continue growing by 2% next year, CIB Bank said...

MNB

Report: Varga expects privatization of MKB Bank, Budapest Bank

Hungarian state-owned MKB Bank and Budapest Bank are very likely to be privatized next year, Hungary’s National Economy Minister Mihály...

MNB

Official: Economic growth expected to reach 3% in 2015

Economic growth in Hungary could be near 3% of GDP this year and could be around 2-2.5% next year, Fiscal...

Debt

ÁKK cuts offers on low demand at securities auctions

The Government Debt Management Agency (ÁKK) sold a combined HUF 16.5 bln of securities at auction today, lowering its original...

MNB

ÁKK plan shows HUF 6,389 bln gross issuance next year

Hungaryʼs Government Debt Management Agency (ÁKK) plans gross issuance of HUF 6,389 bln next year, a debt management outlook released...

MNB

Analysts uncertain about nature of MNBʼs ‘unconventional’ instruments

Analysts in London yesterday said they believe the National Bank of Hungary (MNB) is “getting ready for something” but it is...

MNB

Hungary’s central bank keeps base rate at 1.35%

As the market and analysts expected, the Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) decided to...

MNB

London analysts: MNB to keep base rate for now

Hungaryʼs central bank is set leave its base rate at the current 1.35%  level for now and may focus on...

Debt

ÁKK sells HUF 20 bln of three-month T-bills, HUF 5 bln over plan

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, HUF 5 bln...

MNB

Reuters poll: MNB to keep base rate on hold

Analysts polled by Reuters expect the National Bank of Hungaryʼs (MNB) rate-setting Monetary Council to keep the current 1.35% base...

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...