Finance

Debt

ÁKK sells HUF 58 bln of securities at auction, HUF 8 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 58 bln of securities at auction on Thursday, raising its...

Debt

ÁKK exchanges HUF 34.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 bln of bonds maturing in 2024 for ones that expire in...

MNB

Banks disburse HUF 571 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 571.1 bln in loans as of May 29 to small and medium-size enterprises (SMEs)...

MNB

MNB to introduce three-month deposit as main policy instrument

The National Bank of Hungaryʼs (MNB) Monetary Council decided on Tuesday to replace the central bankʼs two-week deposits with three-month,...

Debt

ÁKK sells HUF 40 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction yesterday, in line with...

MNB

Daily share turnover drops in May

Daily share turnover on the Budapest Stock Exchange fell to HUF 9.2 bln in May, down 31.8% as compared to...

Ratings

Moodyʼs concludes rating reviews of OTP, OTP Jelzálogbank, MKB

Ratings agency Moodyʼs concluded rating reviews of Hungaryʼs OTP Bank, OTP Jelzálogbank and MKB Bank, following the introduction of the...

Ratings

Analysts: Hungary’s rating could be updated to investment grade

Fitch Ratings could upgrade Hungaryʼs sovereign credit ratings to investment grade by the end of this year, London-based emerging markets...

MNB

MNB: Financial risk reduced, but regulatory intervention still needed

Risk in the financial sector has been reduced, but the high ratio of NPLs and FX personal and vehicle loans...

Ratings

Fitch: Eximbank, MFB, K&H revised to positive

Fitch Ratings yesterday affirmed the Long-term Issuer Default Ratings (IDRs) of the Hungarian Export Import Bank (Eximbank) and the Hungarian...

Debt

ÁKK sells HUF 65.5 bln of bonds auction, well over HUF 47 bln plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 65.5 bln of bonds at auction today, well over the...

Ratings

Moodyʼs assigns (P)Ba1 debt rating to MFB bonds

Moodyʼs Investors Service yesterday assigned a provisional (P)Ba1 long-term foreign-currency senior unsecured debt rating to Hungarian state-owned MFB’s (Hungarian Development...

MNB

Analysts: Hungary’s base rate may drop below 1.5%

London-based emerging markets economists expect the National Bank of Hungary (MNB) to keep cutting the base rate, which is likely...

MNB

MNB puts 2016 deficit over target in budget bill assessment

Hungaryʼs general government deficit, according to European Union accounting rules, could reach 2.2% of GDP next year, over the 2.0%...

MNB

MNB lifts restrictions on closing FX swap contracts early

The National Bank of Hungary (MNB) said today it will allow lenders to close, before maturity, all unconditional FX swap...

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...