Finance

MNB

Forint drifts in thin trade

 The forint was trading at 312.08 to the euro late Thursday on the interbank forex market, practically unchanged from final...

Debt

ÁKK raises bond sales on strong demand

The Government Debt Management Agency (ÁKK) sold a combined HUF 70.5 bln of three-, five- and ten-year fixed-rate bonds at...

MNB

Forint fairly stable versus euro, dives in dollar

The forint was trading at to 312.31 the euro late Wednesday on the interbank forex market, slightly down from final...

Debt

ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under...

MNB

National Economy Ministry submits proposal to change bank levy rules

Hungary’s National Economy Minister Mihály Varga submitted a proposal to Parliament yesterday to revise bank levy rules, effectively reducing the...

Debt

ÁKK raises sale of three-month bills, yields drop

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

MNB

K&H Bank Q3 profit reaches HUF 12.8 bln

K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC...

Banking

NAV to take over personal tax return procedures for 1.5 mln Hungarians

Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following...

MNB

Report: Retail FX loan conversion reduces financial system vulnerability

The vulnerability of Hungaryʼs financial system has been "significantly reduced" in the recent period, thanks to the conversion of retail...

MNB

MNB: Corporate loan NPL ratio edges past 14% as portfolio shrinks

The ratio of non-performing loans in the corporate portfolio of Hungarian banksʼ edged up one-tenth of a percentage point to...

Ratings

Varga not expecting major change to credit rating

Hungary is not expecting any major changes during credit rating agency Fitch Ratingsʼ review later today, National Economy Minister Mihály...

Ratings

Fitch affirms Hungaryʼs junk rating

Fitch Ratings affirmed Hungaryʼs “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled...

MNB

MNB international reserves to drop without increasing vulnerability

The National Bank of Hungary (MNB) estimates that its international reserves could drop by as much as €10 billion from...

Debt

ÁKK sells HUF 22 bln of securities at auction, HUF 6 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22 bln of securities at auction today, HUF 6 bln...

Ratings

Analysts: Constitutional Court ruling on Quaestor may help rating

The Constitutional Courtʼs ruling on the Quaestor scandal may help Hungaryʼs sovereign ratings return to investment grade, London-based emerging markets...

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...