Finance

Banking

Banking System Able to Boost Lending to HUF 40 tln, MNB Governor Says

Hungary's banking system is capable of boosting its lending to HUF 40 trillion, National Bank of Hungary (MNB) governor Mihály...

Banking

Banking Assoc Head Presses for ‘Professional Discourse’

The head of the Hungarian Banking Association called for "more professional discourse" with economic policy makers at a conference organised...

Banking

OTP Leans on Regional Strength, Approves HUF 300 bln Dividend

OTP Bank used its annual meeting to project confidence: profits remain near record levels, lending activity is strong, digital channels...

Banking

Large-value Transfers Disrupted in Hungarian Banking System – Report

Large-value bank transfers in Hungary were disrupted on Monday morning, potentially delaying salary payments and affecting corporate transactions across the...

MNB

MNB Governor Warns Inflation Could Exceed 5% This Year

MNB Governor Mihály Varga said in an interview with economic weekly HVG that the new gov't must present a credible...

Banking

Gránit Bank Shareholders Vote to Place 2025 Profit in Reserves

Shareholders of Gránit Bank approved a proposal to place all HUF 19.2 billion of 2025 earnings into profit reserves at...

MNB

National Bank Policymakers Leave Base Rate on Hold at 6.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...

MNB

Chief Prosecutor Takes Over Case Involving National Bank of Hungary

Hungary's Prosecutor General has taken over a case involving the National Bank of Hungary (MNB) from the police, according to...

Ratings

Scope: Hungary Corporates Face Near-Term Disruption, Medium-Term Upside After Election

Hungary’s corporate sector could face a period of short-term disruption followed by medium-term gains after the recent election, according to...

MNB

Policymakers Voted Unanimously to Keep Rates on Hold at March Meeting

The Monetary Council of the National Bank of Hungary (MNB) voted unanimously to keep the central bank's base rate on...

Ratings

Fitch Warns Tisza Gov’t Must Deliver Credible Fiscal Strategy

Fitch Ratings says Hungary's new government will face serious challenges, including weak growth, and rising public debt, even as the...

Debt

ÁKK Sells HUF 47 bln of Securities at Auction, Under Plan

The Government Debt Management Agency (ÁKK) sold HUF 47 billion of securities at auction on Thursday, approximately HUF 3 bln...

Banking

KBC Pinpoints Impact of Hungarian Election, Bank Taxes

The Brussels-based KBC Group NV, the owner of K&H Bank in Hungary since 1999, has pointed to political uncertainty prompted...

Debt

Hungary’s 2025 Budget Deficit Narrows to 4.7% of GDP

Hungary’s general government deficit improved in 2025, narrowing to 4.7% of GDP, according to preliminary data from the Hungarian Central...

Banking

Court Statistics Reveal Rising Bankruptcy Cases, Shifting Workload

The Budapest Court of Appeals reports that the end of COVID‑era payment moratoriums led to a rise in bankruptcy cases,...

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...