Finance

MNB

Gold dips on weaker oil, awaits G7 on dollar

Gold dipped on Friday, giving up early gains, as oil extended losses and investors waited to see how the dollar...

MNB

Gold dips on weaker oil, awaits G7 on dollar

Gold dipped on Friday, giving up early gains, as oil extended losses and investors waited to see how the dollar...

MNB

US financial model can be fixed, Bernanke says

Overseers of the US and international financial system need to quickly put reforms in place to restore confidence in markets...

MNB

US financial model can be fixed, Bernanke says

Overseers of the US and international financial system need to quickly put reforms in place to restore confidence in markets...

MNB

More Morgan Stanley assets hard to value in Q1

Morgan Stanley said that more of its assets became illiquid or hard to value during the turbulent Q1....

MNB

More Morgan Stanley assets hard to value in Q1

Morgan Stanley said that more of its assets became illiquid or hard to value during the turbulent Q1....

MNB

China’s foreign debt up 15.68% in 2007

China's foreign debt reached $373.62 billion at the end of 2007, up 15.68% over the previous year, the State Administration...

MNB

China’s foreign debt up 15.68% in 2007

China's foreign debt reached $373.62 billion at the end of 2007, up 15.68% over the previous year, the State Administration...

MNB

Fed: Severe downturn possible

Members of the Federal Reserve's policy-setting committee worried at their most recent meeting that housing and financial market stress could...

MNB

Fed: Severe downturn possible

Members of the Federal Reserve's policy-setting committee worried at their most recent meeting that housing and financial market stress could...

MNB

Citigroup seen near sale of $12 bln loans

Citigroup Inc, the largest US bank, is close to selling about $12 billion of leveraged loans and bonds to a...

MNB

Citigroup seen near sale of $12 bln loans

Citigroup Inc, the largest US bank, is close to selling about $12 billion of leveraged loans and bonds to a...

MNB

Bullion should shake off IMF’s gold sales

According to analysts, the IMF’s plan to sell part of its gold should not affect bullion prices since any possible...

MNB

Bullion should shake off IMF’s gold sales

According to analysts, the IMF’s plan to sell part of its gold should not affect bullion prices since any possible...

MNB

Indians melt down gold jewelry as prices soar

The liquid gold bubbling in giant vats at a refinery near Mumbai attests to the sentiment on the streets of...

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...