Finance

Banking

Investment Fund Subscriptions at HUF 295 bln in February

Net subscription of units of Hungarian investment funds reached HUF 295 billion in February, according to monthly data released by...

Debt

ÁKK Sells HUF 87.5 bln of Bonds at Auction

The Government Debt Management Agency (ÁKK) sold HUF 87.5 billion of bonds at auction on Thursday, HUF 42.5 bln over...

Trade

Hungary Trade Surplus Reaches EUR 513 mln in February

Hungary's surplus of the external trade in goods amounted to EUR 513 million in February, according to data released by...

Banking

OTP Board Proposes HUF 300/Share Dividend

The board of OTP Bank, Hungary's biggest commercial lender, will propose payment of a HUF 300-per-share dividend to shareholders at...

Trade

Slovenia Trade Balance Swings to Surplus in February

Slovenia posted a trade surplus of EUR 304.21 million in February, shifting from a deficit of EUR 637.78 million in...

Banking

Households Deposit HUF 106 bln in February

Households made net deposits of HUF 106 billion in their accounts at Hungarian banks in February, after half a year...

Debt

Gen Gov’t Sector Deficit at 6.2% of GDP in 2022

According to preliminary data published by the Central Statistical Office (KSH) the deficit of the general government sector in 2022...

Banking

Raiffeisen Bank Earnings Nearly Double in 2022

After-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 96% to HUF 72.1 billion last year, an earnings report released on...

Debt

ÁKK Sells HUF 33.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 33.5 billion of securities at auction on Thursday, more than planned, according...

Banking

MKB Bank Earnings Climb 27% in 2022

Consolidated after-tax profit of MKB Bank rose 27% to HUF 91.2 billion last year, an earnings report published on Thursday...

Banking

MKB Bank, Takarékbank to Hold Bank Holidays as Merger Finishes

MKB Bank and Takarékbank will hold full and partial bank holidays between April 27 and May 2 as the lenders...

MNB

MNB Monetary Council Leaves Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

MNB

MNB Hosts Meeting Strengthening W. Balkan Central Bank Capacities

The National Bank of Hungary (MNB) hosted the third meeting of coordinators of a European Union-funded program to strengthen the...

Ratings

Fitch Upgrades Romania’s Outlook to Stable

International rating agency Fitch has revised Romania's outlook from negative to stable and affirmed the local currency issuer default ratings...

MNB

Lawmakers Pick Central Bank Policymakers

Legislators voted on the appointments of Éva Búza and Zoltán Kovács as external members of the rate-setting Monetary Council of...

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...