Finance

MNB

Fitch warns of CHF-, JPY-denominated lending risk in Hungary

Fitch Ratings said in a report published Tuesday that foreign currency lending in Hungary in Swiss francs and Japanese yen...

MNB

Fitch warns of CHF-, JPY-denominated lending risk in Hungary

Fitch Ratings said in a report published Tuesday that foreign currency lending in Hungary in Swiss francs and Japanese yen...

MNB

ECB keeps interest rates at 4%

The European Central Bank kept benchmark interest rates unchanged at 4.0% on Thursday, as expected, as policymakers weigh the risk...

MNB

ECB keeps interest rates at 4%

The European Central Bank kept benchmark interest rates unchanged at 4.0% on Thursday, as expected, as policymakers weigh the risk...

Banking

Cbank: Hungary’s growth potential less than generally thought

Hungary’s potential GDP growth -- or the growth rate the country’s economy is expected to return to after the current...

Banking

Cbank: Hungary’s growth potential less than generally thought

Hungary’s potential GDP growth -- or the growth rate the country’s economy is expected to return to after the current...

MNB

Market turmoil pushes Deutsche Bank into the red

Deutsche Bank made its first quarterly loss in five years as the cost of the global financial crisis mounted for...

MNB

Market turmoil pushes Deutsche Bank into the red

Deutsche Bank made its first quarterly loss in five years as the cost of the global financial crisis mounted for...

MNB

City remains split over rate hike outlook

Hungary’s central bank (MNB) is seen hiking its policy rate on Monday by the majority of London-based emerging markets economists,...

MNB

City remains split over rate hike outlook

Hungary’s central bank (MNB) is seen hiking its policy rate on Monday by the majority of London-based emerging markets economists,...

MNB

ECB officials fret over money market tensions

Rising money market interest rates are neither normal nor appropriate, European Central Bank policymaker Christian Noyer said on Friday, in...

MNB

ECB officials fret over money market tensions

Rising money market interest rates are neither normal nor appropriate, European Central Bank policymaker Christian Noyer said on Friday, in...

MNB

Bank of America Q1 profits plunge 77%

Bank of America Corp. said Monday its profit fell 77% in the Q1, hurt by trading losses and a $3.3...

MNB

Bank of America Q1 profits plunge 77%

Bank of America Corp. said Monday its profit fell 77% in the Q1, hurt by trading losses and a $3.3...

Banking

Hungary: Surányi on tax reform

Tax reform is possible without risking social security in Hungary, said former central bank (MNB) governor György Surányi in 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...