Finance

Debt

ÁKK Purchases HUF 2.4 bln of Bonds at Buyback Auction

The Government Debt Management Agency (ÁKK) purchased HUF 2.4 billion of bonds before maturity at a buyback auction on Wednesday,...

MNB

Optional Reserves Rate to Be Level With Base Rate From Oct 1

The Monetary Council of the National Bank of Hungary (MNB) decided on Tuesday that the rate the central bank pays...

Banking

MBH Bank Recognized at Private Banking Hungary Awards

The best of the private banking, wealth management and premium banking professions were awarded at Blochamps Capital's gala evening, with...

Trade

AgMin Consults With Counterparts on Ukrainian Import Ban Extension

Agriculture Minister István Nagy is meeting with his counterparts from Romania, Bulgaria, and Slovakia on Tuesday to discuss extending restrictions...

Banking

K&H H1 Profit Climbs to HUF 35.8 bln

First-half earnings of K&H Bank, the Hungarian unit of Belgium's KBC, reached HUF 35.8 billion, increasing from HUF 9.7 bln...

Banking

Eximbank Takes out EUR 300 mln Loan From ING Bank

Magyar Eximbank has taken out a EUR 300 million, long-term loan from ING Bank to finance lending to local businesses...

Trade

Hungary Trade Surplus at EUR 697 mln in July

Hungary's external trade in goods surplus stood at EUR 697 million in July 2023, according to data published by the...

Debt

ÁKK Sells HUF 60 bln of Bonds at Auction, Double Original Offer

The Government Debt Management Agency (ÁKK) sold HUF 60 billion of bonds at auction on Thursday, doubling its original offer...

MNB

MNB Int’l Reserves Fall EUR 351 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.613 billion at the end of August, down...

Trade

Hungary Reaches Rolitical Agreement on Polish LNG Delivery

Hungary has reached a political agreement paving the way for deliveries of gas from an LNG terminal under construction in...

Debt

ÁKK Exchanges HUF 13.5 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 13.5 billion of securities expiring in 2035 for bonds maturing in 2024...

Banking

Lending Slowdown in Hungary in Line With Int’l Trends

A slowdown in lending in Hungary is in line with international trends, but a pickup is anticipated in the second...

Debt

Hungary Issues EUR 1.75 bln Eurobond

Hungary issued a EUR 1.75 billion, 10-year eurobond on Tuesday, the Government Debt Management Agency (ÁKK) said, according to a...

MNB

MNB Welcomes ECB Clearance of Amendment

The National Bank of Hungary (MNB) welcomed the European Central Bank's clearance of the government's proposed amendment to the Central...

Trade

Trade Surplus Confirmed at EUR 1.568 bln in June

Hungary's trade surplus reached EUR 1.568 billion in June, widening from EUR 1.153 bln in May, the Central Statistical Office...

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...