Finance

MNB

MNB Stresses Importance of ‘Conservative’ Dividend Policy to Support Future Lending

The National Bank of Hungary (MNB) said lenders' "remarkably high" profitability was not sustainable in the medium term and pointed...

Debt

General Gov’t Deficit at HUF 3.488 tln in October

Hungary's cash flow-based general government deficit reached HUF 3.488 trillion at the end of October, the Ministry of Finance confirmed...

MNB

MNB Signs Cooperation Deal With Kazakh Financial Market Watchdog

The National Bank of Hungary (MNB) has signed a cooperation agreement with the Astana Financial Services Authority (AFSA), Kazakhstan's financial...

MNB

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

Debt

ÁKK Sells HUF 59 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 59 bln of securities at auction on Thursday, HUF 14...

MNB

MNB Cuts Base Rate by 75 bp to 11.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

Banking

K&H Debuts Digital Szép Card

K&H became the first bank in Hungary to introduce the digital Szép card alongside the classic plastic card, according to...

MNB

MNB Issues Sustainable and Responsible Investment Charter

The National Bank of Hungary (MNB) on Monday issued a Sustainable and Responsible Investment Charter in which it commits to...

Ratings

Scope Downgrades Masterplast Issuer Rating to B+

Scope Ratings has downgraded the issuer and senior unsecured debt ratings of listed Hungarian building materials maker Masterplast to B+...

MNB

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

Banking

Magnet Bank Launches PayPlus Program

With the introduction of mobile payments, Magnet Bank has launched a new program to support a local NGO, according a...

Banking

Erste Bank Hungary Profit Close to HUF 90 bln in Q1-Q3

Austrian-owned Erste Bank Hungary's after-tax profit climbed to HUF 89.9 billion in Q1-Q3 from HUF 18.4bn in the base period,...

Ratings

Croatia’s Outlook Upgraded by Moody’s

Moody's has improved the outlook on Croatia to positive from stable, affirming its long-term issuer and senior unsecured ratings at...

Banking

K&H Bank Earnings Climb to HUF 70.8 bln in Q1-Q3

The after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, rose 129% year-on-year to HUF 70.8 billion in...

MNB

Growing Client Numbers Would Warrant Local Revolut Unit – MNB

The National Bank of Hungary (MNB) said the growing number of Hungarian clients of fintech company Revolut, along with more...

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...