Finance

MNB

Forint down on interbank market

The forint was trading at 304.69 to the euro late Monday on the interbank forex market, down from 303.03 late...

MNB

MNB: 2014 rise in corporate lending stock due to SME funding scheme

The stock of corporate loans stock rose 2.4% in 2014 in the first increase since the crisis, but the rise...

Ratings

Forint down from 9-month high vs euro

The forint was trading at 303.01 to the euro late Friday on the interbank forex market, down from 302.79 late...

MNB

Banks’ accounting of FX conversion lifts retail lending stock in MNB stats

Hungarian banks' retail lending stock jumped by HUF 378.1 bln to HUF 7.104 trillion in January from the previous month...

MNB

Forint hits 9-month high vs euro

The forint was trading at 302.73 to the euro late Thursday on the interbank forex market, up from 304.71 late...

Banking

Cabinet chief initiates discussion of ad tax

Hungarian Cabinet Chief János Lázár has initiated the meeting of the Parliament’s economic committee to discuss possible changes to the...

Debt

ÁKK sells HUF 70 bln of securities at auction, HUF 10 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auction on Thursday, raising its...

MNB

Financial sector companies book HUF 71 bln loss in 2014

Hungarian financial sector companies saw a combined after-tax loss of HUF 70.8 bln last year, up from the previous year’s...

MNB

Forint firm on interbank market

The forint was trading at 304.59 to the euro late Wednesday on the interbank forex market, up from 305.34 late...

MNB

Settlement, conversion affects more than 400,000 Erste loans

The settlement of compensation due under borrowers relief legislation and the conversion of retail FX lending stock into forints affects...

Debt

ÁKK switches short-term bonds to HUF 79 bln long ones at auction

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 79 bln of government bonds maturing in 2023 and 2028...

MNB

ÁKK chief: Higher mark-to-market deposits prevented drop in state debt ratio

A steep rise in mark-to-market deposits in Q4 last year prevented Hungary's state debt ratio from falling, CEO of the...

Debt

Morgan Stanley: Hungary’s bonds better than Poland’s

Morgan Stanley stated that it prefers Hungary's local-currency government bonds over those of Poland. Poland and Hungary continue to have...

MNB

Forint firms on interbank market in the wake of Fed chair testimony

The forint was trading at 305.52 to the euro late Tuesday on the interbank forex market, up from 305.66 late...

MNB

Moody’s: Structural factors limit Hungary’s economic growth, external vulnerability decreases

Hungary’s economic growth in 2014 was stronger than anticipated, due to stronger public sector investment and improved absorption of EU...

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...