Finance

MNB

Forint slightly up on interbank market

The forint was trading at 310.80 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

MNB international reserves fall only €146 mln in July

The National Bank of Hungaryʼs (MNB) international reserves stood at €34.615 bln at the end of July, just €146 mln...

MNB

Hungaryʼs central bank fines MagNet Bank HUF 5.5 mln

The National Bank of Hungary (MNB) fined MagNet Bank HUF 5.5 mln for not complying with regulations on liabilities of...

MNB

Forint back on the slope

The forint was trading at 311.35 to the euro late Thursday on the interbank forex market, down from final quotes...

Debt

ÁKK sells HUF 64 bln of bonds at auction, more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 64 bln of bonds at auction today, raising its original...

MNB

Forint corrects some of Tuesdayʼs shock

The forint was trading at 309.62 to the euro late Wednesday on the interbank forex market, up from final quotes...

MNB

Banks disburse HUF 647 bln in loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 646.5 bln in loans by July 31 to small- and medium-sized enterprises (SMEs) in...

Debt

ÁKK buys HUF 27 bln of bonds at reverse auction, more than planned

The Government Debt Management Agency (ÁKK) bought a combined HUF 27.1 bln of bonds before maturity at a reverse auction...

MNB

Forint down on interbank market

The forint was trading at 309.26 to the euro late Tuesday on the interbank forex market, down from final quotes...

Debt

ÁKK sells HUF 40 bln of three-month T-bills, more than planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, HUF 5 bln...

MNB

Erste Bank establishes mortgage bank in Hungary

Erste Bank Hungary yesterday reportedly announced that it has established its own mortgage bank in the country, Hungarian news agency...

MNB

Report: Lenders to settle compensation with forint, FX borrowers from Aug 1

Hungarian lenders will carry out the settlement of compensation for clients with forint and foreign currency loans due under borrowers...

Banking

Report: NAV to monitor corporate invoicing in real time

The Hungarian government is planning to link corporate invoicing directly to the National Tax and Customs Authority NAV, an action...

Debt

ÁKK sells HUF 31 bln of securities at auction, fraction under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 31 bln of securities at auction today, slightly under the...

Debt

ÁKK exchanges HUF 14.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 14.5 bln of bonds maturing in 2024 and 2028 for ones that...

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...