Finance

MNB

Csányi: Corporate lending stock of banks could reach low point in 2016

Despite economic growth corporate lending stock of banks could still fall and reach a low point by 2016, but then...

MNB

Report: Hungary FX debt ratio set to fall under one-third

The proportion of Hungaryʼs state debt in foreign currency is set to fall from 33% to 32% by year-end and...

Debt

ÁKK sells HUF 70 bln of bonds at auction, HUF 20 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of bonds at auction today, raising its original...

MNB

Hungaryʼs growth loses some steam but ‘underlying macro story’ still positive

Hungaryʼs economic growth seems to be losing some steam but it "does not change the macro story" which has overall...

Debt

ÁKK buys HUF 13.3 bln of bonds at reverse auction, more than planned

 The Government Debt Management Agency (ÁKK) bought a combined HUF 13.28 bln of bonds before maturity at a reverse auction...

MNB

Banks disburse HUF 684 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 684.1 bln in loans as of August 28 to small and medium-sized enterprises (SMEs)...

Debt

ÁKK raises offer on strong demand at three-month T-bill auction

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction on Tuesday, HUF 10...

MNB

MNB: Five years may be needed to bring corporate lending back to trend level

It could take "at least five years" to bring corporate lending stock back to levels close to the long-term trend,...

MNB

MNB: Corporate lending shows mixed picture in Q2

Corporate lending stock of financial institutions declined 3.4% in the second quarter of 2015 compared to the same period of...

MNB

Hungarian banks achieve HUF 155 bln pre-tax profit in H1

Hungarian credit institutions had a combined pre-tax profit of HUF 155.0 bln in the first half of 2015 compared to...

MNB

Legislation on FX car, personal loan conversion could take effect from December 1

Legislation on the conversion of FX personal and car loans could come into force from December 1 of this year,...

Debt

ÁKK sells HUF 39 bln of securities at auction, more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 39 bln of securities at auction today, HUF 8 bln...

Debt

ÁKK exchanges HUF 11 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 11 bln of bonds maturing in 2024 for ones that expire in...

MNB

Hungary’s State Treasury to open 25 sales points

Hungaryʼs State Treasury is planning on opening an additional 25 sales points, raising the number of retail units in its...

Debt

ÁKK sells HUF 45 bln of three-month T-bills, more than planned

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction on Tuesday, HUF 10...

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...