Finance

MNB

MNB key rate drops to 3.80%

The National Bank of Hungary (MNB) announced its key interest rate today, with the new rate 3.80%; though this was...

MNB

Analysis: CEE economies growing; recovery remains fragile

Positive economic metrics across the region indicate overall improvements, although subdued demand means that recovery is tenuous, US-based independent researchers/analysts...

MNB

Analysis: CEE economies growing; recovery remains fragile

Positive economic metrics across the region indicate overall improvements, although subdued demand means that recovery is tenuous, US-based independent researchers/analysts...

MNB

Forex-loan conversion could be mandatory

In a preview for an extensive interview appearing in today’s print version of Heti Valasz, National Economy Ministry State Secretary...

MNB

Retail lending stock contracts despite higher borrowing in Q2

The retail lending stock of the Hungarian banking sector fell in the second quarter of 2013 despite higher loan disbursement,...

MNB

MKB sells Bulgarian interests

More Hungarian/international banking news this morning, as Bulgaria-based First Investment Bank (FIB) has announced its full purchase of MKB Unionbank...

MNB

International reserves down again, approaching 2010 levels

The National Bank of Hungary (MNB) released data today on the state of the country’s international reserves, figures which show...

MNB

Moody’s: Poor investment climate in Hungary to continue

International advisory/research firm Moody’s Investors Service released its latest “Banking System Outlook: Hungary” report this morning, which ultimately concludes that...

MNB

Report: Forex mortgage loan relief proposal scrapped

The controversial, radical and potentially incredibly expensive proposal to retroactively rework mortgage loans based in foreign currency has been scrapped,...

MNB

Hungarian SMEs still undertake foreign currency risk

Hungarian enterprises' sentiment towards loans changed positively due to the "Funding for Growth Scheme" of the National Bank of Hungary...

Banking

The price we paid

Economic ministers of the Fidesz government have introduced many extra taxes throughout the last three years, and the economy has...

MNB

MNB cuts inflation projection for 2013

Banking

Shoring up the budget

A noteworthy initiative with a few blunders in its executive phase, or yet another hotbed of state-approved corruption? These are...

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...