Finance

Banking

Varga: Electronic till system to be expanded

The Hungarian government is planning to expand the mandatory use of electronic tills to auto mechanics, taxis, laundries and currency...

MNB

Hungary net general government borrowing 0.6% of GDP to end of September

The net general government financing requirement, which is a good approximation of the general government deficit, was HUF 198 billion...

MNB

MNB introduces Systemic Risk Buffer

The National Bank of Hungary (MNB) said on Wednesday it is introducing a Systemic Risk Buffer (SRB) to manage risks generated by...

Debt

ÁKK sells planned HUF 15 bln of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction today, in line with...

MNB

MNB: Hungaryʼs C/A surplus €859.1 mln in September

Hungaryʼs current-account surplus reached €859.1 million in September, according to a monthly balance of payment data published by the National...

MNB

Forint mixed on interbank market

The forint was trading at 311.45 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

Forint eases on interbank market

The forint was trading at 311.70 to the euro late Thursday on the interbank forex market, a hair up from...

Debt

ÁKK sells HUF 55 bln of bonds at auction, more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 55 bln of bonds at auction on Thursday, HUF 5...

Ratings

Moodyʼs takes rating actions on six Hungarian banks

Ratings agency Moodyʼs said late yesterday that it took rating actions on six Hungarian banks, prompted by the outlook change...

Debt

ÁKK buys HUF 6.8 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought HUF 6.8 bln of bonds before maturity at a reverse auction on Wednesday,...

MNB

Forint mixed on interbank market

The forint was trading at 312.38 to the euro late Tuesday on the interbank forex market, up from final quotes...

Ratings

Moodyʼs changes Budapest rating outlook to ʼpositiveʼ

Hungary’s capital should have an easier time raising funds for Metro upgrades and other projects now that ratings agency Moodyʼs...

MNB

Lenders compensate FX borrowers HUF 393,000 on average

Hungarian FX borrowers were each awarded HUF 393,000 in compensation, on average, for unfair practices exercised by lenders during a...

Debt

ÁKK sells HUF 15 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15 bln of discount three-month T-bills at auction today, in line with...

Ratings

Forint corrects up with euro

The forint was trading at 313.68 to the euro late Monday on the interbank forex market, up from final quotes...

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...