Finance

Banking

Merrill to avoid UK tax after $29 bln

Merrill Lynch & Co Inc is unlikely to pay corporation tax in the UK for several decades after it charged...

Banking

Consultancies draft stimulus package

Hungarian tax consultancies presented a number of proposals for tax changes, including ones to introduce a 20% personal income tax...

Banking

Consultancies draft stimulus package

Hungarian tax consultancies presented a number of proposals for tax changes, including ones to introduce a 20% personal income tax...

MNB

Hungarian CenBank foreign assets fall in July

Net foreign assets of Hungary's Central Bank (MNB) fell Ft 173.0 billion to Ft 3,755.3 billion in July, MNB reported....

MNB

Hungarian CenBank foreign assets fall in July

Net foreign assets of Hungary's Central Bank (MNB) fell Ft 173.0 billion to Ft 3,755.3 billion in July, MNB reported....

MNB

Gulf investment agencies seek $6.5 bln to expand

Two Gulf Arab sovereign wealth funds are looking to borrow as much as $6.5 billion to help finance expansion, bankers...

MNB

Gulf investment agencies seek $6.5 bln to expand

Two Gulf Arab sovereign wealth funds are looking to borrow as much as $6.5 billion to help finance expansion, bankers...

MNB

China money traders bet on 40 to 42 golds

Olympics fever has spread to China's interbank money market, where traders are betting on the host country to take between...

MNB

China money traders bet on 40 to 42 golds

Olympics fever has spread to China's interbank money market, where traders are betting on the host country to take between...

Ratings

Moody’s to keep Pakistan’s rating unchanged

Moody's will maintain its rating for Pakistan despite political and economic problems facing the nuclear-armed country, a senior analyst from...

Ratings

Moody’s to keep Pakistan’s rating unchanged

Moody's will maintain its rating for Pakistan despite political and economic problems facing the nuclear-armed country, a senior analyst from...

MNB

Barclays profit down 33% on writedown

Barclays reported a 33% drop in H1 profits as it took a £2 billion writedown on the value of risky...

MNB

Barclays profit down 33% on writedown

Barclays reported a 33% drop in H1 profits as it took a £2 billion writedown on the value of risky...

MNB

Hungarian forint weakens on interbank market

On Tuesday afternoon the Hungarian currency weakened significantly on the interbank market, trading at 235.50/55 against the euro at 4:30...

MNB

Hungarian forint weakens on interbank market

On Tuesday afternoon the Hungarian currency weakened significantly on the interbank market, trading at 235.50/55 against the euro at 4:30...

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...