Finance

MNB

Almost 170,000 borrowers participate in early FX mortgage repayment scheme

Financial market regulator PSzÁF on Monday said 169,256 borrowers with foreign currency-denominated mortgages availed of a scheme allowing early repayment...

MNB

Forint liquidity of Hungary banks falls in Feb on repayment scheme

Forint liquidity of the banking sector fell further in February....

MNB

MNB sells lenders €2.5 bln of euros to support early FX repayment

Lenders made €2.489 billion of euro purchases from the National Bank of Hungary (MNB) to cover early repayments of foreign...

MNB

Forint liquidity of Hungary banks falls on repayment scheme

Similar to the previous two months, forint liquidity of Hungary's banking sector fell in February from a month earlier mainly...

MNB

Savings cooperatives gain 13,500 new clients

Hungarian savings cooperatives gained 13,500 new retail clients as the result of an early foreign currency-denominated mortgage scheme that wound...

MNB

Savings cooperatives gain 13,500 new clients

Hungarian savings cooperatives gained 13,500 new retail clients as the result of an early foreign currency-denominated mortgage scheme that wound...

MNB

Hungary GDP grows 1.4% yr/yr in Q4, 1.7% in 2011

Hungary's GDP rose 1.4% yr/yr in Q4 last year according to unadjusted figures, the Central Statistics Office (KSH) said on...

MNB

Gov’t, banks reach compromise on participation threshold for exchange rate cap scheme

The government and banks have reached a compromise on the participation threshold for a scheme that caps the exchange rate...

MNB

State debt is obstacle to growth, says rate-setter

The scale of Hungary's state debt stands in the way of putting the country on the path of sustainable economic...

Debt

ÁKK raises sale of all terms on good demand at bond auction

Hungary's Government Debt Management Agency (ÁKK) raised its sales on all three terms on good demand at an auction of...

MNB

Hungary international reserves dropped further in February

Hungary's international reserves stood at €34.766 billion at the end of February after €37.242 billion at the end of January,...

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...