Finance

MNB

Forint wobbles then mostly stable on interbank market, still down in dollar

The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late...

Debt

ÁKK raises three-month bill auction sales, yield sharply up

The Government Debt Management Agency (ÁKK) sold more than planned discount HUF 80 bln three-month T-bills in almost three-fold oversubscription...

MNB

Forint down on interbank market

The forint was trading at 318.25 to the euro late Monday on the interbank forex market, down from 318.01 late...

Debt

ÁKK sells HUF 70 bln of ‘liquidity’ bills on large demand at auction

The Government Debt Management Centre (ÁKK) sold HUF 70bn of discount "liquidity" bills expiring in the middle of March at...

Ratings

Moody’s: MFB ratings changed to stable from negative

Moody's Investors Service on Friday affirmed the state-owned Hungarian Development Bank's (MFB) Ba1 foreign-currency senior unsecured debt rating and Ba2/Not-Prime...

MNB

Central bank takes over for MKB board

Experts chosen by the National Bank of Hungary (MNB) took over the tasks of the board of MKB Bank and...

MNB

Forint dives again on interbank market

The forint was trading at 316.36 to the euro late Thursday on the interbank forex market, down from 314.55 late...

Ratings

Fitch predicts stable outlook for CEE banks in 2015

Fitch Ratings on Wednesday said the overall rating outlook for banks in Central and Eastern Europe (CEE) is stable for...

MNB

Gov’t to set up compensation fund for clients of Széchenyi Bank

The government is establishing a compensation fund for the depositors of the failed Széchenyi Commercial Bank, Prime Minister Viktor Orbán...

MNB

Forint mixed on interbank market

The forint was trading at 313.65 to the euro late Thursday on the interbank forex market, up from 314.18 late...

Debt

ÁKK sells combined HUF 32 bln of 12-month bills and floaters at auction

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of 12-month T-bills and sold HUF 12 bln worth of...

MNB

Student loan rates to stay unchanged

State-owned student loan provider Diákhitel Központ is planning to keep the interest rate on its loans unchanged for the period...

Banking

HVG: Tax may drive TV2 production abroad

Commercial channel TV2, which has Fidesz-friendly ownership, is considering relocating its production abroad, in order to avoid the burden that...

Debt

ÁKK buys back HUF 6.7 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 6.9 bln of bonds before their maturity in 2015 and 2016...

MNB

MNB reduces inflation forecast

The National Bank of Hungary (MNB) reduced its inflation forecast for both 2014 and 2015, the main figures released on...

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...