Finance

Ratings

Scope Affirms Hungary BBB Ratings With Stable Outlook

Scope Ratings affirmed Hungary's BBB credit ratings with a stable outlook on Friday, according to a report by state news...

Debt

2023 Budget Gap Could Reach 6% of GDP – Varga

Hungary's general government deficit may have reached 6% of GDP last year as a decline in consumption amid falling real...

Debt

ÁKK Sells HUF 46.5 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 46.5 bln of bonds at auction on Thursday, HUF 10.5 bln more...

Trade

Agri Minister Calls out Lack of Will on Ukrainian Grain Issue

Minister of Agriculture István Nagy complained of a lack of will at the European Union level to resolve the matter...

MNB

MNB Among Greenest Central Banks

The National Bank of Hungary (MNB) scored higher than any G20 central bank in a self-assessment of policies supporting sustainable...

MNB

MNB Phases out Variable-rate Longer-term Deposit Facility

The National Bank of Hungary (MNB) on Wednesday announced the discontinuation of its variable-rate deposit facility with terms up to...

Ratings

Scope Puts Communication Technologies Rating Under Review

Scope Ratings GmbH has placed Communication Technologies Kft.'s issuer rating and its senior unsecured debt rating, both currently "B+," under...

Banking

Exim Reopens Applications for Reindustrialization Loan Program

Exim Hungary has reopened the acceptance of applications for the Gábor Baross Reindustrialization Loan Program, according to hrportal.hu....

Debt

FX Share of State Debt Rises to 26.9% in 2023

The ratio of foreign currency-denominated debt within Hungary's total state debt reached 26.9% at the end of 2023, up from...

MNB

MNB Tops Green Central Banking Ranking

The National Bank of Hungary (MNB) has scored higher than any G20 central bank in a self-assessment of policies supporting...

Banking

Lender Liquidity Increases in December

Forint liquidity of the domestic banking sector rose in December, indicated by an increase in the average stock of central...

Banking

Foreign Ownership in OTP Bank Close to 55%

Foreign ownership in OTP Bank, Hungary's biggest commercial lender, rose close to 55% at the end of last year from...

Banking

Gránit Bank Renames Fund Manager

Gránit Bank has renamed fund manager Diófa, which it acquired in November, Gránit Fund Manager, the lender said on Friday,...

Debt

ÁKK Purchases HUF 38.8 bln of Bonds at Buyback Auction

The Government Debt Management Agency (ÁKK) purchased HUF 38.8 billion of bonds before maturity at a buyback auction on Wednesday,...

Debt

Gov’t Deficit Reaches HUF 4.593 tln

Hungary's cash flow-based government deficit reached HUF 4.5934 trillion at the end of December, the Ministry of Finance said in...

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...