Finance

MNB

Forex assets increase to 40.5% of banking sector’s total assets

Foreign currency-denominated assets accounted for 40.5% of Hungarian banks’ combined total assets at the end of March, up from 33.7%...

MNB

CIB Bank Q1 after-tax profits increase 30% yr/yr

CIB Bank Rt had after-tax profit of Ft 6.5 billion in the first quarter of 2006, 30% more than in...

MNB

Citibank pre-tax profits up 7% in 2005

Citibank Zrt had pre-tax profit of Ft 16.2 billion in 2005, 7% more than a year earlier, the bank said...

MNB

OECD calls for more realistic fiscal targets from new government

Hungary's new government should set more realistic fiscal targets and implement them rigorously, otherwise there is a risk of financial...

MNB

HVB Bank takes over ING retail clients

HVB Bank Hungary Zrt announced on Friday it would take over 11,000 retail clients from ING Bank Rt, which is...

MNB

Erste Bank Investment Q1 profits rise 50% yr/yr

Erste Bank Investment Rt, the brokerage of Erste Bank Rt, had after-tax profit of Ft 827 million in the first...

MNB

Non-bank financial businesses’ profits increase 9.8% in Q1

Hungary's non-bank financial businesses, such as leasing and factoring companies, had combined after-tax profit of Ft 11.74 billion in the...

MNB

MNB reports negative balance for 2005

Governor Zsigmond Járai put forward the annual accounts of the National Bank of Hungary (MNB) at its AGM on Wednesday,...

Banking

2010 eurozone target still feasible, says GKI

Hungary can still meet the Maastricht criteria by 2008, in order to adopt the euro in 2010 as planned, but...

MNB

Gov’t to list 20%-40% of motorway management company

The government decided at a cabinet meeting on Tuesday to list 20%-40% of the shares of state-owned National Motorway Management...

MNB

International reserves fall €1.081 bln in April

Hungary's international reserves decreased €1.081 billion in April, after a €1.11 billion increase in March, National Bank of Hungary (MNB)...

MNB

GKI predicts forint firming if reform promises kept

If the new government elected to office a week ago keeps its campaign promises and focuses on managing the budget...

MNB

Interbank forint-market turnover declines in March

Composite turnover on the interbank forint market was Ft 1,986.9 billion in March, a decrease of Ft 484.6 billion compared...

MNB

Cetelem profits slip in 2005

Magyar Cetelem Bank Rt, a leader on Hungary's consumer loan market, had after-tax profit of Ft 3.629 billion in 2005,...

MNB

FHB stock of mortgage bonds up Ft 28.6 bln in Q1

The Land Credit and Mortgage Bank (FHB) Rt's stock of outstanding mortgage bonds was Ft 432.43 billion at the end...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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

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...