Finance

MNB

Forint up again in euro on interbank market

The forint was trading at 309.68 to the euro late Wednesday on the interbank forex market, up from 310.82 late...

Debt

ÁKK buys back HUF 37.4 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back about HUF 37.4 bln of two bonds before maturity at a reverse...

MNB

Weaker forint raises Hungary’s net external debt

Hungary's net external debt rose slightly, mainly on revaluation effects, in the second quarter of 2014 and reached 39% of...

MNB

Forint up again in euro on interbank market

The forint was trading at 310.83 to the euro late Tuesday on the interbank forex market, up from 311.67 late...

Debt

ÁKK raises offer at three-month T-bill auction

The Government Debt Management Agency (ÁKK) raised its offer on strong demand at an auction of discount three-month T-bills, Hungarian...

MNB

MNB: Corporate lending stock rises

The corporate lending stock of Hungarian banks rose to HUF 6.75 trillion at the end of August month-on-month, as a...

MNB

Eximbank: Rapid growth of assets to continue

State-owned Hungarian Eximbank expects its lending to expand and the growth of total assets continue, CEO Roland Natran announced in...

MNB

Hungary debt ratio reaches 85.0% of GDP

Hungary's gross consolidated government sector debt, calculated at nominal value, in line with Maastricht methodology, reached HUF 25,437 bln, equivalent...

Debt

Eximbank issues $500 mln 2020 bonds

Eximbank, Hungary’s state-owned export-import bank, sold bonds worth of HUF 500 mln on international markets, the bank reported yesterday. The...

Ratings

EY raises projection for GDP growth

Consultancy EY has raised its projection for GDP growth in Hungary this year to 3.3% from 2.9% in a quarterly...

MNB

MNB sets 2015 deficit target at 2.6%

National Bank of Hungary (MNB) put the 2014 general government deficit at 2.8% of GDP, below the official target of...

Debt

ÁKK sells planned volume of twelve-month T-bills, raises offer for floaters

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

MNB

Parliament approves law on settlement of bank refunds

The legislation clarifying the settlement of refunds lender institutions will be forced to pay borrowers was approved by the Hungarian...

MNB

Forint further up on interbank market

The forint was trading at 310.15 to the euro late Wednesday on the interbank forex market, up from 310.98 late...

MNB

BUX still sharply down despite some global consolidation

The Budapest Stock Exchange's main BUX index finished down 0.90% at 18,092.86 Wednesday, after plunging 1.43% Tuesday. It is down...

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...