Finance

MNB

Erste: FX law cuts assets by more than 10%

The net assets of Erste Bank Hungary dropped more than 10% by the end of June from the end of...

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,...

Debt

ÁKK sells HUF 66 bln of bonds at auction, slightly more than planned

The Government Debt Management Agency (ÁKK) sold HUF 66 bln of bonds at an auction on Thursday, HUF 1 bln...

Debt

ÁKK buys back HUF 1.6 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back about HUF 1.6 bln of two bonds before maturity at a reverse...

Debt

ÁKK sells HUF 40 bln of three-month bills, in line with expectations

The Government Debt Management Agency (ÁKK) sold HUF 40 bln in discount three-month T-bills at an auction today, in line...

MNB

OTP Bank commits to mortgage business

OTP Bank undertook an “unconditional and irrevocable obligation” to its mortgage and leasing units, despite the effects of the recently...

Debt

ÁKK to start selling two new series of Bónusz bonds next week

The Government Debt Management Centre (ÁKK) closed sales of the 2018/O and 2020/P series of its Bónusz bonds introduced in...

Debt

ÁKK sells HUF 30 bln of floaters, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of floating rate bonds at an auction on Thursday, the...

Debt

ÁKK sells HUF 40 bln of twelve-month bills, same as offer

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount twelve-month T-bill at an auction on Thursday, in...

MNB

Twice as many farmers apply for cheap loans

The number of farmers applying to the Funding Growth Scheme launched by the National Bank of Hungary (MNB) has more...

Debt

ÁKK sells HUF 70 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 70 bln of bonds maturing in 2020 and 2023...

Banking

New electronic tills cash in HUF 5 bln

Businesses forced to buy a new electronic cash system directly connected to the Hungarian National Tax and Customs Authority (NAV)...

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 on...

MNB

Moody’s: Hungary FX law is credit negative for banks

Hungary's new law on foreign-exchange-based loans will substantially increase losses for banks compared to earlier expectations, and is therefore credit...

MNB

FX-loans costs reviewed

Hungary's central bank’s experts say recently approved borrowers’ relief legislation could cost the country’s financial sector HUF 700 to 900...

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...