Finance

Debt

ÁKK sells HUF 50.5 bln of bonds at auction; demand weak for shorter terms

The Government Debt Management Agency (ÁKK) sold a combined HUF 50.5 bln of bonds at auction on Thursday, slightly less...

Ratings

Moodyʼs places OTP ratings under review for upgrade

Moodyʼs Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank...

MNB

TakarékBank sees 3.2% GDP growth this year

TakarékBank, the central bank of saving cooperatives in Hungary has seen 3.2% GDP growth in Hungary this year, partly due...

MNB

Forint eases on interbank market

The forint was trading at 304.16 to the euro late Wednesday on the interbank forex market, a hair down from...

Debt

ÁKK buys back HUF 33.8 bln in bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 33.8 bln of bonds before their maturity in 2015 at a...

Debt

ÁKK plans net forint bond issues, T-bill repayments in April-June

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 73 bln according to its April-June issue...

Debt

ÁKK cuts three-month T-bill auction sale

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at an auction on Tuesday, cutting...

MNB

MNB launches Funding for Growth Scheme spin-off

The National Bank of Hungary yesterday officially launched the spin-off of its Funding for Growth Scheme (FGS) that targets companies...

MNB

BUX underperforms

The Budapest Stock Exchangeʼs main BUX index finished up 0.05% at 18,674.97 Monday after falling 0.63% Friday. It is up...

MNB

MNB reveals Quaestor bond-related problems when examining groupʼs brokerage

The National Bank of Hungary (MNB) found problems at Quaestor Értékpapír, the brokerage of the now-bankrupt Quaestor group, during an...

Banking

EC begins investigation of Hungary’s ad tax

The European Commission launched a thorough investigation to determine whether Hungary's current progressive advertisement tax complies with European Union rules,...

Debt

ÁKK sells HUF 60 bln of securities at auction, as planned

A new law on public procurement is currently being drafted and is scheduled to be approved by the Hungarian Parliament...

MNB

Forint surges on interbank market

The forint was trading at 303.58 to the euro late Wednesday on the interbank forex market, up from 307.36 late...

Debt

Demand for short-term bonds to long-term ones drops

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 26 bln of government bonds maturing in 2022 and 2024...

MNB

Forint down on interbank market

The forint was trading at 307.64 to the euro late Tuesday on the interbank forex market, down from 305.56 late...

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...