Finance

MNB

S&P: crisis hurt French banks in 2007

French banks have suffered from the current financial crisis, and their 2008 results will continue to be marked by the...

MNB

Gold dips but off 1-month lows as Thai buyers emerge

Gold dipped on trade thinned by holidays in Asia but the metal held above a 1-month low hit the previous...

MNB

Gold dips but off 1-month lows as Thai buyers emerge

Gold dipped on trade thinned by holidays in Asia but the metal held above a 1-month low hit the previous...

MNB

UniCredit profit rises 15%

UniCredit Bank Hungary's after-tax profit rose 14.8% to Ft 21.9 billion in 2007, the bank said....

MNB

UniCredit profit rises 15%

UniCredit Bank Hungary's after-tax profit rose 14.8% to Ft 21.9 billion in 2007, the bank said....

MNB

Asian jewelers on buying spree as price sinks

Jewelers across Asia rushed to buy gold on Thursday after prices tumbled more than $100 an ounce since spiking to...

MNB

Asian jewelers on buying spree as price sinks

Jewelers across Asia rushed to buy gold on Thursday after prices tumbled more than $100 an ounce since spiking to...

MNB

Hungary lowers GDP, raises inflation forecasts

The Hungarian government has reduced its GDP forecast for 2008 from 2.8% in the updated convergence program to 2.4%, Finance...

MNB

Hungary lowers GDP, raises inflation forecasts

The Hungarian government has reduced its GDP forecast for 2008 from 2.8% in the updated convergence program to 2.4%, Finance...

MNB

Gold is headed to $2,000 an ounce

A US investment expert said that through gradual increases, the price of gold could reach $2,000 an ounce....

MNB

Gold is headed to $2,000 an ounce

A US investment expert said that through gradual increases, the price of gold could reach $2,000 an ounce....

MNB

Deccan Gold expects gold production by end-2010

India's Deccan Gold Mines Ltd expects to start gold production by end-2010 with the new mines policy likely to help...

MNB

Deccan Gold expects gold production by end-2010

India's Deccan Gold Mines Ltd expects to start gold production by end-2010 with the new mines policy likely to help...

MNB

Northern Rock to cut a third of its staff

Britain's trouble-ridden Northern Rock bank, which was nationalized on February 21, said that it will cut about 2,000 jobs and...

MNB

Northern Rock to cut a third of its staff

Britain's trouble-ridden Northern Rock bank, which was nationalized on February 21, said that it will cut about 2,000 jobs and...

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...