Finance

MNB

MNB to support phaseout of retail FX loans

The National Bank of Hungary (MNB) today announced that the institution would provide from its own FX reserves the foreign...

Debt

ÁKK sells less-than-planned HUF 88 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 88 bln of bond maturing in 2019 and 2020...

MNB

Forint up on surprise debt plan

The forint was trading at 311.35 to the euro late Tuesday on the interbank forex market, up from 312.40 late...

MNB

Varga reverses course on foreign debt

Hungary’s Economy Minister Mihály Varga said today that the country could sell new foreign currency debt this year if terms...

Debt

ÁKK sells planned volume of three-month T-bills, yields flat

The Government Debt Management Agency (ÁKK) sold the announced HUF 50 bln of discount three-month T-bills at auction today, Hungarian...

MNB

Forint back to range on interbank market

The forint was trading at 312.27 to the euro late Monday on the interbank forex market, down from 311.37 late...

MNB

GKI raises GDP projection

Economic research institute GKI raised its projection for GDP growth this year to 3%, chairman András Vértes said today....

Ratings

S&P: Hungary’s rating still stable

Rating agency Standard and Poor's (S&P) maintains Hungary’s long-term sovereign credit ratings at “stable”, American news wire Dow Jones reported...

Debt

ÁKK plans net bond issues, discount T-bill repayments in Q4

Hungary's Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 223 bln in the fourth quarter, scheduling...

Debt

ÁKK raises offer for shortest term at bond auction

The Government Debt Management Agency (ÁKK) sold HUF 65 bln of bonds at an auction on Thursday, raising its original...

MNB

MNB: No hasty rise in interest rates

The National Bank of Hungary (MNB) wishes to reduce Hungary’s international debt-exposure and will avoid raising interest rates in the...

Debt

ÁKK buys back HUF 17.7 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back about HUF 17.7 bln of two bonds before maturity at a reverse...

MNB

Sberbank not leaving Hungary

State-owned Russian bank Sberbank denies rumours that it plans to exit Hungary, Austrian economic daily Wirtschaftsblatt said yesterday....

Debt

ÁKK raises three-month T-bill sale, yields flat

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of discount three-month T-bills, HUF 10 bln more than the...

MNB

Central bank could assist conversion of €8 bln in FX loans

The Hungarian National Bank (MNB) is ready to use some of its foreign exchange reserves to ease the conversion 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...