Finance

MNB

MNB Leaves Base Rate on Hold, Cuts O/N Collateralized Loan Rate

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Debt

ÁKK Sells HUF 59.5 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 59.5 billion of bonds at auction on Thursday, over the plan, according...

Debt

Romania Foreign Debt Rises in March

Romania's gross foreign debt increased to EUR 154.7 billion at the end of March from EUR 144.5 billion at the...

Debt

Hungary State Debt Ratio Steady at 73.3%

Hungary's state debt relative to GDP reached 73.3% at the end of the first quarter, preliminary data released by the...

Banking

EBRD Approves EUR 8 mln Loan to Bosnia’s Sparkasse Bank

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse...

Banking

Higher Mandatory Reserve Ratio Soaks up Banking Sector Liquidity

Forint liquidity of the Hungarian banking sector narrowed in April as a higher mandatory reserve ratio came into effect, the...

Banking

OTP Calls Inclusion on ‘Sponsors of War’ List ‘Undeserved’

OTP Bank, Hungary's biggest commercial lender, said its inclusion on a list of "international sponsors of war" by Ukraine's National...

MNB

As Green Loans Surge, MNB Launches Eco-Friendly Product Finder

The National Bank of Hungary (MNB) has published a report on the state of green finance in the country, highlighting...

MNB

MNB Raises Income Threshold for Upper Payment-to-income Ratio 

The National Bank of Hungary (MNB) on Friday said it decided to raise the income threshold for the upper, 60%...

Banking

MBH to Set up Own Investment Bank

MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according...

MNB

Primus Trust to Appeal MNB ‘Mega Fine’

Primus Trust Asset Management Zrt released a statement saying that it categorically rejects the claim of the Hungarian National Bank...

Trade

Surplus on External Trade in Goods at EUR 899 mln in March

Hungary's surplus on external trade in goods stood at EUR 899 million in March 2023, with the value of exports...

MNB

MNB Justifies ‘Careful’ Approach to Setting O/N Instrument Rates

The Monetary Council of the National Bank of Hungary (MNB) justified a "careful" and "cautious" approach when setting rates on...

Banking

OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary's biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from...

MNB

Int’l Reserves at EUR 39.88 bln in April

The international reserves of the National Bank of Hungary (MNB) stood at EUR 39.88 billion at the end of April,...

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...