Finance

MNB

Report: Vehicle, personal loan FX conversion could cost OTP HUF 6 bln

A subsidy for retail borrowers who opt to convert their foreign exchange personal and car loans into forints could cost...

MNB

MNB sells banks CHF 592 mln to cover FX car, personal loan conversion

The National Bank of Hungary (MNB) said it sold CHF 591.9 mln to lenders in a tender on Monday to...

MNB

Report: Banks to fix exchange rate of FX car loans

Banks are expected to fix the exchange rate of foreign currency car loans today, following the National Bank of Hungaryʼs...

MNB

Banks and government to subsidize FX car loan conversion

Foreign currency-denominated vehicle and personal loans will be converted to loans into forints at the market exchange rate, but the...

Debt

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

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

Debt

OTP Bank launches HUF 200 mln bond program

OTP Bank has launched a bond program capped at HUF 200 mln, the company said in a statement published yesterday. The...

MNB

Forint recuperates on interbank market

 The forint was trading at to 308.82 the euro late Monday on the interbank forex market, up from final quotes...

MNB

Net general government borrowing 1.0% of GDP for year ending in June

According to preliminary financial account figures, net general government borrowing was HUF 339 bln in the twelve months leading up...

Debt

ÁKK sells HUF 32.5 bln of securities at auction, slightly under plan

Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 32.5 bln of securities at auction on Thursday, HUF 2.5...

MNB

ÁKK to pre-finance €900 mln of maturing FX debt

Strong sales of government securities to retail investors will allow the Government Debt Management Agency (ÁKK) to make an early...

Debt

ÁKK exchanges HUF 27.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 27.5 bln of bonds maturing in 2024 for ones that...

Debt

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

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

Debt

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

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

MNB

EBRD agreement touchstone for talks on FX car loan conversion

The government and banks used a previous agreement with the EBRD as guidance during talks on the conversion of foreign...

MNB

Erste Bank Hungary H1 loss narrows

Erste Bank Hungaryʼs net loss in H1 2015 narrowed to €35.1 mln from €142.9 mln in the same period a...

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...