Finance

Banking

Voluntary Rate Caps to Fall

Economic Development Minister Márton Nagy and representatives of the Hungarian Banking Association have agreed on reductions in lenders' voluntary rate...

Banking

EBRD Parts With Stake in Erste Bank Hungary

The European Bank for Reconstruction and Development (EBRD) has sold its 15% stake in Erste Bank Hungary back to Austria's...

Trade

Hungary Trade Surplus at EUR 1 bln in October

Hungary's external trade in goods surplus amounted to EUR 1 billion, according to data published by the Central Statistical Office...

MNB

MNB Moves Forward With Phase-in of Capital Buffer Rates

The National Bank of Hungary (MNB) has announced it is moving forward as planned with a phase-in of capital buffers...

Ratings

S&P Affirms Hungary’s BBB- Rating With Stable Outlook

S&P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Debt

Varga Ready to Exercise Fiscal Veto if Debt, Deficit at Risk

Finance Minister Mihaly Varga, as the head of a new budget working group for fiscal discipline, said he would exercise...

Banking

Number of Bank Branches Continues Decline

The number of domestic bank branches had decreased to 1,445 by September, which is less than half of the 2013...

MNB

MNB Int’l Reserves Rise EUR 579 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up...

MNB

Rate-setters Point to Continued Need for ‘Disciplined’ Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) said "disciplined monetary policy" was still necessary to...

Banking

Banking Sector Survey Points to Pickup in Credit Demand

Banks' economic sentiment deteriorated in Q2-Q3, but lenders anticipate a pickup in demand for credit in the coming six months,...

Trade

Trade Surplus at EUR 1.34 bln in September

Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central...

Banking

Banking Sector Profits Climb 183% in Q1-Q3

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing...

Banking

Households Continue to Make Net Withdrawals in Oct

Households made net withdrawals of HUF 80 billion from their accounts at Hungarian banks in October, monthly data released by...

Trade

Service Trade Surplus Reaches EUR 3.3 bln in Q3

In the third quarter of 2023, Hungary's service exports calculated in EUR increased by 14%, and their imports grew by...

Ratings

S&P Affirms Bulgaria at BBB/A-2, Raises Outlook

Rating agency Standard & Poor's on Friday said it affirmed its long- and short-term foreign and local currency sovereign credit...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...