Finance

MNB

Hungary’s OTP Bank sees SME program outlays reaching HUF 10-15 bln

Hungary’s OTP Bank plans HUF 10-15 billion (approximately €33.7-50 million) of SME outlays this year in the framework of its...

MNB

MNB aims to reduce maturity mismatch of forint loans and forint liabilities

The National Bank of Hungary (MNB) wants to reduce the maturity mismatch between the bank sectorʼs forint loans and forint...

Debt

ÁKK exchanges HUF 38.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 38.5 bln of bonds maturing in 2024 for ones that expire in...

MNB

Banks disburse HUF 513 bln in loans through Funding for Growth Scheme

Net of repayments, banks disbursed HUF 512.5 bln in loans as of April 3 to small- and medium-size enterprises (SMEs)...

MNB

MNB to create Chinese bond portfolio

The National Bank of Hungary said yesterday that it intends to build a small Chinese bond portfolio "for economic policy...

Debt

ÁKK sells HUF 50 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction on Tuesday, in line...

Banking

Number of companies requesting extensions on tax payments declines

The number of Hungarian companies who opted for additional time to pay their taxes fell to 15,000 last year from...

MNB

IMF welcomes recovery, but sees growth prospects subdued in Hungary

The Hungarian economy is recovering steadily helped by supportive macroeconomic policies and improved market sentiment, the International Monetary Fund (IMF)...

Debt

ÁKK sells HUF 56 bln of bonds at auction, HUF 5 bln over original offer

The Government Debt Management Centre (ÁKK) sold a combined HUF 56 bln of bonds at auction on Thursday, HUF 5...

MNB

Forint gains on interbank market

The forint was trading at 298.83 to the euro late Wednesday on the interbank forex market, up from 200.43 late...

Debt

ÁKK buys HUF 11.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 11.2 bln of bonds before maturity at a reverse auction...

Debt

ÁKK sells HUF 50 bln of three-month bills

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB: Hungary’s Maastricht debt falls to 76.9% at end-2014

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 76.9% of GDP at...

Banking

Loopholes and Taxation: Overseeing a Fairer European Union

This opinion piece was written by Margrethe Vestager (pictured), European Commissioner in charge of competition policy....

MNB

Lenders allowed to close some FX swap contracts with MNB before maturity

The National Bank of Hungary on Monday said it will allow lenders to close, before maturity, a certain part of...

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...