Finance

Debt

Investors show strong interest in longest term at bond auction

Primary dealers showed strong interest in the longest term at a bond auction on Thursday, prompting the Government Debt Management...

Banking

Parliament approves Job Protection Plan measures

Hungary's Parliament approved late Monday amendments that are part of a Job Protection Plan intended to reduce the burden of...

MNB

About 10% of borrowers avail of exchange rate limit scheme so far

Borrowers with foreign currency-denominated loans participating in a temporary exchange rate limit programme opened 48,773 special accounts related to the...

MNB

Hungary net govt financing requirement 3.6% of GDP in four quarters ending Q2

Hungary's general government net financing requirement reached 1.1% of GDP in the second quarter and was 3.6% of GDP in...

MNB

MNB changes terms of loan facility to encourage corporate lending

The National Bank of Hungary has announced it will change the terms and conditions of its two-year loan facility to...

MNB

Inflation Report highlights rift between rate-setters

A quarterly Inflation Report prepared by the staff of the National Bank of Hungary highlights a rift between the central...

Debt

AKK sells more-than-planned twelve-month T-bills, floaters at auction

The Government Debt Management Agency (AKK) raised the sale of discount twelve-month T-bills as high demand continued and also sold...

MNB

Conditions ease for retail credit, tighten for corporate loans

Conditions for retail loans eased but corporate credit conditions continued to tighten in the second quarter, according to a survey...

MNB

Interest picks up in exchange rate limit scheme

An exchange rate limit scheme under which retail fx borrowers can temporarily cap their repayments, has attracted increased interest at...

Banking

Fiscal council receives background information from ministry

Hungary's National Economy Ministry has sent the required background information and calculations about the 2013 budget to the Fiscal Council,...

Banking

Econ ministry says budget info requested by Fiscal Council ready

Hungary's National Economy Ministry has prepared the background information and impact studies requested by the Fiscal Council as promised by...

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...