Finance

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

MNB

Central Bank Hosts Budapest Renminbi Initiative Conference

The National Bank of Hungary (MNB) hosted the Budapest Renminbi Initiative Conference, which focused on financial interconnectivity and the green...

Ratings

Judicial Reforms ‘Step Towards’ Unlocking EU Funds – Fitch

Recently approved legislation on the judiciary addressing concerns over the rule of law aired by the European Commission are "a...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

MNB

Watchdog Fines Trustee Company Over Unlicensed Lending

The National Bank of Hungary (MNB) on Tuesday said it fined Primus Trust Asset Management Zrt. HUF 300 million for...

Ratings

R&I Affirms Hungary BBB+ Rating

Japan's R&I has affirmed Hungary's BBB+ sovereign rating, "in spite of the perilous international environment", Finance Minister Mihály Varga said...

Banking

OTP AGM Approves HUF 300/share Dividend

Shareholders of OTP Bank, Hungary's biggest commercial lender, approved the payment of a HUF 300-per-share dividend at an annual general...

Banking

Erste Group Books Q1 Earnings of EUR 10 mln in Hungary

Austria's Erste Group booked a first-quarter net income of EUR 10 million at its business in Hungary, an earnings report...

MNB

Central Bank Preferences Boost Green Lending

Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last...

Debt

ÁKK Sells HUF 21 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount six-month T-bills at auction on Wednesday, raising its...

MNB

Policymakers Leave Base Rate on Hold, Cut 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%,...

Banking

10 Banks Raising Fees on Retail Accounts

Ten banks will raise the fees of their retail accounts due to last year's inflation by May 1, which may...

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...