Finance

Ratings

Moodyʼs downgrades FHB deposit rating

Moodyʼs Investor Service on Tuesday announced the downgrade of the long-term deposit rating of FHB Mortgage Bank to Caa1 from...

Ratings

Forint firms on bond auction results

The forint was trading at 312.17 to the euro late Tuesday on the interbank forex market, up from final quotes...

MNB

MNB hosts bankersʼ breakfast

The management of the National Bank of Hungary held regular talks over breakfast with the heads of the countryʼs biggest...

Debt

ÁKK sells HUF 55 bln of three-month bills, more than planned

The Government Debt Management Agency (ÁKK) sold HUF 55 bln of discount three-month T-bills at auction today, raising its original...

Ratings

Report: S&P to review Hungaryʼs credit rating on Friday

Standard & Poorʼs Ratings Services will review Hungaryʼs sovereign credit rating on Friday with a possibility of upgrading the outlook...

Ratings

Forint caught in the euro-dollar crossfire

The forint was trading at 313.37 to the euro late Monday on the interbank forex market, slightly up from final...

MNB

MNB: Govʼt debt up in H1 on seasonal and one-off effects

The government debt-to-GDP ratio rose to 79.6% in the first half of 2015 from 76.9% at the end of last...

Ratings

Moody’s: Hungary could be upgraded with sustained growth

Moodyʼs would consider upgrading Hungaryʼs government bond rating if there were signs of policy-supported, sustained growth prospects and declining government...

Debt

ÁKK sells HUF 37 bln in securities at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 bln in securities at auction on Thursday, HUF 4...

MNB

Eximbank signs agreements to expand export capacities of SMEs

Hungaryʼs state-owned Eximbank yesterday signed agreements with 15 commercial banks to help expand export capacities of SMEs and large companies...

Debt

ÁKK exchanges HUF 21.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged HUF 21.5 bln of bonds maturing in 2024 for ones that expire in...

MNB

FT: Hungary not likely to be hit hard by Fed rate hike

In light of its strong account surplus, substantial support from the European Union and use of a currency that trades...

Banking

MFB to establish countrywide points for EU-supported credit

The state-owned Hungarian Development Bank (MFB) will make EU-supported financing available to companies at 400 points around the country, The...

Debt

ÁKK sells HUF 60 bln of three-month bills at auction, more than planned

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 60 bln of discount three-month T-bills at auction on Tuesday, raising its...

MNB

MNB international reserves fall more than €1 bln in August

The National Bank of Hungaryʼs international reserves stood at €33.536 bln at the end of August, down €1.079 bln from...

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...