Finance

MNB

Raiffeisen could leave Hungary

Raiffeisen CEO announced that the bank may leave Hungary, but has not yet made specific plans to do so, Dow...

Debt

ÁKK sells less than planned short-term bonds, more long ones at auction

The Government Debt Management Agency (ÁKK) cut its sale of three-year bonds, sold the announced volume of five-year bonds and...

MNB

Oberbank to expand in Hungary

Austrian bank Oberbank, which currently has 7 branches in Hungary, will open 7 to 10 new units in the country...

Debt

ÁKK sells HUF 40 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40.0 bln of discount three-month T-bills at an auction on Thursday, in...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount twelve-month T-bills and HUF 20 bln of floating...

Debt

ÁKK sells HUF 20 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 20 bln of bonds maturing in 2020 and 2023...

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...

Debt

ÁKK raises offers for all terms at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for all three terms on strong demand at a bond auction,...

MNB

Hungary international reserves fall to €35.2 bln

International reserves of Hungary stood at €35.2 bln at the end of July, down by €855 mln from a month...

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 today,...

Banking

Hungary to tax internet content providers

State secretary László L. Simon says Internet content providers should take their “share of the public burden” by paying taxes...

MNB

Moody’s: Negative outlook for Hungary’s bank sector

Moody's Investors Service left its outlook for Hungary's Ba1-rated banking system at negative, the ratings agency reported late last week....

Debt

ÁKK sells HUF 32.7 bln floaters including non-comp tender

The Government Debt Management Agency (ÁKK) sold a combined HUF 27.5 bln of floating rate bonds at an auction on...

Debt

ÁKK cuts twelve-month T-bill offer on low demand

The Government Debt Management Agency (ÁKK) sold HUF 33.0 bln of discount twelve-month treasury bills at auction on Thursday, cutting...

Debt

ÁKK sells HUF 50.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 50.5 bln of bonds maturing in 2022 and 2023...

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...