Finance

Banking

S&P Revises OTP Bank Ratings to BBB- After Sovereign Downgrade 

S&P Global has downgraded its ratings for OTP Bank a single notch to BBB-, Hungary's biggest commercial lender said on...

Trade

Hungarian Meat Companies Get Export Clearance from Philippines

Hungarian companies have been cleared to export meat to the Philippines for the first time, Minister of Foreign Affairs and...

Ratings

S&P Downgrades Hungary to BBB-

S&P Global Ratings downgraded Hungary's sovereign rating to BBB- from BBB at a scheduled review on Friday, according to a...

Ratings

Fitch Revises Outlooks on 4 Hungarian Banks to Negative

Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision...

MNB

MNB Raising Lenders’ Reserve Ratio

At a press conference after the monthly policy meeting of the Monetary Council, National Bank of Hungary (MNB) deputy governor...

MNB

MNB Leaves Base Rate on Hold at 13%

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

MNB

MNB Lifts Suspension of Clearance for Alteo Acquisition

The National Bank of Hungary (MNB) has lifted the suspension of a clearance procedure for a mandatory public purchase offer...

Debt

Slovakia C/A Deficit Widens in November

Slovakia's current account deficit increased sharply to EUR 956.9 million in November 2022 from EUR 399.3 million in the corresponding...

Banking

Gránit Bank to Acquire Controlling Stake in Diófa

Gránit Bank on Friday said it will acquire a majority stake in fund manager Diófa, which has a portfolio of...

Ratings

Fitch Changes Outlook on Hungary BBB Rating to Negative

Fitch Ratings affirmed Hungary's BBB sovereign rating but changed the outlook to negative from stable at a scheduled review on...

Banking

Household Saving Rate Falls to 3.8%

The gross saving rate of Hungarian households fell to 3.8% in the third quarter, data released by the Central Statistical...

Trade

Hungary Lifts Mandatory Reporting for Grain Exports

Hungary's government has decided to end a reporting requirement for grain exports introduced in March 2022 as the war in...

Banking

Bulgaria’s BDB Leasing launches new financial product for MSMEs

State-owned Bulgarian Development Bank (BDB) said on Tuesday that its subsidiary BDB Leasing is launching a new financial product to...

MNB

MNB Business Confidence Index Edges Higher in December

The business confidence index of the National Bank of Hungary (MNB) rose to -5 points in December from -7 points...

Debt

Lithuania C/A Swings to Surplus in Nov

Lithuania recorded a current account surplus of EUR 90.2 million in November, shifting from a deficit of EUR 23.2 million...

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...