Finance

MNB

MNB international reserves fall on swaps related to FX mortgage phase out

The National Bank of Hungaryʼs (MNB) International Reserves stood at €34.760 bln at the end of June, down €2.388 bln...

Ratings

Forint rebounds on improved sentiment, bond results

The forint was trading at 315.83 to the euro late Thursday on the interbank forex market, up from 318.07 late...

MNB

Central bankʼs funding scheme said to lift GDP

The National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS) has added more than 1% to Hungaryʼs GDP since...

MNB

Budapest Bank taps FGS financing for almost HUF 100 bln of outlays

State-owned Budapest Bank has used cheap financing from the second phase of the National Bank of Hungaryʼs Funding for Growth...

Debt

ÁKK sells HUF 62.5 bln of bonds at auction, over plan (adds details)

The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 bln of bonds at auction today, raising its original...

MNB

Forint eases on ʼPolish contagionʼ

The forint was trading at 317.71 to the euro late Wednesday on the interbank forex market, down from 316.91 late...

MNB

Banks disburse HUF 613 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 613.1 bln of loans by July 3 to small and medium-size enterprises (SMEs) in...

Debt

ÁKK buys back HUF 3.7 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 3.7 bln of bonds before their expiry in 2016 at a...

MNB

Quaestor compensation to start soon

Hungaryʼs Investor Protection Fund (Beva) will pay HUF 88 bln in compensation to some 32,000 buyers of unsanctioned bonds issued...

Debt

ÁKK sells HUF 30 bln of three-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month T-bills at auction today, in line with...

MNB

MNB to introduce new regulation to reduce external vulnerability

The National Bank of Hungary (MNB) will introduce a new foreign currency balance indicator (DEM) and will tighten the rules...

Debt

ÁKK sells combined HUF 40 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of securities at auction today, as planned....

MNB

Forint stabilizes in volatile environment

The forint was trading at 315.48 to the euro late Tuesday on the interbank forex market, up from 315.75 late...

Debt

ÁKK sells HUF 30 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month T-bills at auction yesterday, in line with...

MNB

Parliament approves personal bankruptcy law

The Hungarian Parliament today approved a legislation on introducing personal bankruptcy in Hungary, with 142 voting in favor, one voting...

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...