Finance

MNB

Fidesz forex solution to lift most preexisting conditions for borrowers

A bill of amendment submitted by two governing Fidesz party MPs proposes to lift most of the existing conditions for...

MNB

MBSz proposal: Write off part of forex loan debt

The Hungarian Banking Association (MBSz) is proposing writing off part of the debt of borrowers who join a scheme that...

MNB

Rogán: Legal solution could be option for forex loan problem

A legal solution could be the best option for Hungarian borrowers with foreign currency-denominated loans, Fidesz parliamentary group leader Antal...

Banking

K&H: Sentiment among Hungary SMEs worsens

K&H Bank’s latest gauge of SME sentiment worsened in the third quarter from the previous quarter as businesses took a...

MNB

ECB gov warns Orbán on forex loan measures

European Central Bank governor Mario Draghi has warned Hungarian Prime Minister Viktor Orbán against uncoordinated steps regarding the country's big...

MNB

Central bank: Forint liquidity up in September

Forint liquidity of the Hungarian banking sector rose in September, as evidenced by a rise in the average holdings of...

MNB

Audit office: 2014 deficit target can be met

The Hungarian Audit Office (ÁSz) today released an opinion which reckons that the central government’s 2014 deficit target can be...

MNB

IMF: Hungary state debt will rise in 2014

The International Monetary Fund (IMF) sees Hungary's gross state debt rising from 79.8% at the end of 2013 to 80%...

MNB

New exchange rate limit contracts drop sharply in August

The number of borrowers with forex-based loans freshly joining the government's exchange rate limit scheme dropped sharply in August: The...

MNB

Rate-setter: MNB will apply reserves to forex loans

The National Bank of Hungary (MNB) is likely to use some of its foreign currency reserves to support a government...

MNB

2014 budget bill: Key projections, highlights

The sitting government submitted its budget bill for 2014 to Parliament yesterday and as the review/approval process gets started, BBJ...

MNB

MNB puts core inflation at 3.5% in 2013, 3.8% in ’14

The National Bank of Hungary projects core inflation, which excludes volatile fuel and food prices, to average 3.5% in 2013...

Debt

Eximbank bond 25% oversubscribed

Subscriptions for a €400 million bond, sold by Hungary's state-owned Magyar Export-Import Bank (Eximbank) on Tuesday, exceeded €500 million, CEO...

MNB

Morgan Stanley on MNB key rate: “A bull case”

Cutting the base rate is now not the only, or even the main, form of monetary easing that Hungary's central...

MNB

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

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...