Finance

Banking

PM seeks compromise on economic stimulus package

Hungarian Prime Minister Ferenc Gyurcsány called for a compromise on a broad-ranging economic stimulus package and said several other elements...

Banking

PM seeks compromise on economic stimulus package

Hungarian Prime Minister Ferenc Gyurcsány called for a compromise on a broad-ranging economic stimulus package and said several other elements...

Banking

Business association supports PM’s economic plan, wants more tax cuts

The board of the Hungarian Association of Industrialists and Employers (MGyOSz) welcomes certain elements of an economic stimulus package proposed...

Banking

Business association supports PM’s economic plan, wants more tax cuts

The board of the Hungarian Association of Industrialists and Employers (MGyOSz) welcomes certain elements of an economic stimulus package proposed...

Banking

Hungary’s proposed tax-cuts open door to fiscal loosening, S&P says

If the government of implements its proposed multi-year tax-cut package, it would lead to a rising general government deficit in...

Banking

Hungary’s proposed tax-cuts open door to fiscal loosening, S&P says

If the government of implements its proposed multi-year tax-cut package, it would lead to a rising general government deficit in...

MNB

European investment banks’ dividends at risk

European investment banks are unlikely to return to double-digit revenue growth “anytime soon” and their dividends are at risk due...

MNB

European investment banks’ dividends at risk

European investment banks are unlikely to return to double-digit revenue growth “anytime soon” and their dividends are at risk due...

MNB

Banks shift funds out of US to Europe

Banks transferred funds out of the United States and into Europe in the first three months of 2008 as they...

MNB

Banks shift funds out of US to Europe

Banks transferred funds out of the United States and into Europe in the first three months of 2008 as they...

MNB

CIB Bank H1 profit inches up 3% to Ft 20.4 bln

Hungary’s CIB Bank's consolidated H1 IFRS after-tax profit rose 3% to Ft 20.4 billion from the same period a year...

MNB

CIB Bank H1 profit inches up 3% to Ft 20.4 bln

Hungary’s CIB Bank's consolidated H1 IFRS after-tax profit rose 3% to Ft 20.4 billion from the same period a year...

MNB

New CEO wants to transform BKV into holding, privatize some units

István Kocsis, the Budapest Public Transport Company’s (BKV) new CEO, wants to transform BKV into a holding company and partially...

MNB

New CEO wants to transform BKV into holding, privatize some units

István Kocsis, the Budapest Public Transport Company’s (BKV) new CEO, wants to transform BKV into a holding company and partially...

MNB

Russian bank gets $280 mln term loan

Emirates NBD, Commerzbank, ICICI Bank, ING Bank and Raiffeisen Zentral Osterreich completed the syndication of a $280 million term loan...

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...