Finance

MNB

ÁKK sells HUF 20 bln of two-month bills at ʼliquidityʼ auction as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount two-month T-bills at a liquidity auction on Monday,...

Ratings

Moodyʼs lifts Hungaryʼs junk rating outlook to positive

Rating agency Moodyʼs Investors Service raised the outlook on Hungaryʼs "Ba1" sovereign long term issuer rating, one notch under investment...

Ratings

EcoMin: Moodyʼs ratings show Hungarian reforms are working

An action by ratings agency Moodyʼs to revise the outlook on Hungaryʼs sovereign rating to "positive" from "stable" shows "that...

MNB

MNB international reserves fall €15 mln in October

The National Bank of Hungaryʼs (MNB) international reserves stood at €32.112 bln at the end of October, down €15 mln...

MNB

Erste Bank Hungary loss shrinks in Q1-Q3

Erste Bank Hungaryʼs net loss in Q1-Q3 2015 narrowed to €47.2 mnl from €370.7 mln in the same period a...

Debt

ÁKK cuts offers at securities auctions on low demand, higher yields

The Government Debt Management Centre (ÁKK) sold a combined HUF 12 bln of securities at auction on Thursday, cutting its...

MNB

Forint falls with more easing around the corner

The forint was trading at 314.35 to the euro late Wednesday on the interbank forex market, down from final quotes...

MNB

Nomura analysts question MNB’s growth program

Although the National Bank of Hungary (MNB) has been on a mission to boost lending and growth over the past...

Debt

ÁKK exchanges HUF 17 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 17 bln of bonds maturing in 2024 for ones that expire in...

MNB

MPC holds non-rate-setting meeting

The Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) today held a non-rate-setting meeting, Hungarian news agency...

Debt

ÁKK cuts offer at three-month T-bill auction in spite of strong demand

The Government Debt Management Agency (ÁKK) sold HUF 12 bln of discount three-month T-bills at auction on Tuesday, HUF 3...

MNB

MNB plans another HUF 600 bln for SME loan program

The National Bank of Hungary is expected to enter the final phase of its Funding for Growth Scheme (FGS) next...

MNB

Forint falls on interbank market

The forint was trading at 312.75 to the euro late Monday on the interbank forex market, down from final quotes...

Ratings

Moodyʼs to review Hungary credit rating on Friday

Moodyʼs Investors Service will review Hungaryʼs sovereign credit rating on Friday with a possibility of upgrading the outlook to “positive” from “stable”, according to...

MNB

Forint fairly stable in euro, gains versus dollar

The forint was trading at 310.79 to the euro late Friday on the interbank forex market, slightly down from final...

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...