Finance

MNB

Government establishes ‘Unite Against State Debt’ fund

Hungary's government has established a fund called "Unite Against State Debt" on the initiative of a Catholic priest, Prime Minister's...

Debt

Hungary plans to reoffer 30-yr dollar bond, filing to SEC shows

Hungary plans to reoffer the 30-year dollar-denominated bonds issued late March according to a filing it submitted with the US...

Debt

Hungary plans to reoffer 30-yr dollar bond, filing to SEC shows

Hungary plans to reoffer the 30-year dollar-denominated bonds issued late March according to a filing it submitted with the US...

MNB

Draft of foreign-currency debt relief plan completed

The final version of a relief plan for Hungarians unable to repay their foreign-currency-denominated loans has been submitted to the...

MNB

Draft of foreign-currency debt relief plan completed

The final version of a relief plan for Hungarians unable to repay their foreign-currency-denominated loans has been submitted to the...

Ratings

Moody’s downgrades ratings of seven Hungarian banks

Moody's Investors Service on Tuesday downgraded the standalone bank financial strength ratings of five Hungarian banks and local-currency deposit ratings...

Ratings

Moody’s downgrades ratings of seven Hungarian banks

Moody's Investors Service on Tuesday downgraded the standalone bank financial strength ratings of five Hungarian banks and local-currency deposit ratings...

Ratings

Moody’s lowers some of OTP Bank’s ratings

Moody’s Investors Service affirmed OTP Bank’s standalone BFSR at D+ with stable outlook, given that the Bank has proved itself...

Ratings

Moody’s lowers some of OTP Bank’s ratings

Moody’s Investors Service affirmed OTP Bank’s standalone BFSR at D+ with stable outlook, given that the Bank has proved itself...

Banking

Tax revisions widen earnings gap

The government’s revision of personal income taxes means that the difference between what is earned at the top and the...

Banking

Tax revisions widen earnings gap

The government’s revision of personal income taxes means that the difference between what is earned at the top and the...

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...