Finance

Debt

ÁKK Raises Rates on Inflation-linked Retail Securities

The Government Debt Management Agency (ÁKK) on Friday said rates on its inflation-linked Premium Hungarian Government Security (PMÁP) series will...

MNB

MNB Bonds Soak up Banking Sector Liquidity in December 

Average stock of bonds issued by the National Bank of Hungary (MNB) rose to HUF 700 billion in December from...

Banking

Foreign Ownership in OTP Bank Falls to Around 51%

Foreign ownership in OTP Bank, Hungary's biggest commercial lender, fell to around 51% at the end of last year from...

Debt

Gen Gov’t Deficit Reaches HUF 4.753 tln at End-2022 

Hungary's cash flow-based general government balance, excluding local councils, finished 2022 with a deficit of HUF 4.753 trillion, the Finance...

MNB

Financial Market Watchdog Publishes Updated Strategy

The National Bank of Hungary (MNB) on Tuesday published its updated mid-term strategy for oversight of the financial sector, according...

Trade

Hungarian Trade Deficit Hits EUR 1.3 bln in November

Hungary's deficit on external trade in goods reached EUR 1.3 billion in November, according to data published by the Central...

Ratings

Scope Upgrades 4iG Ratings

Scope Ratings has upgraded listed IT company 4iG's issuer rating by one grade to "BB-" (with a "stable" outlook) from...

MNB

Rate-setters Justify ‘Patient Approach’ at Dec Meeting

Members of the Monetary Council of the National Bank of Hungary (MNB) acknowledged the agreement reached on the country's European...

MNB

MNB Int’l Reserves Rise EUR 1.184 bln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 38.706 bln at the end of December, up...

Debt

ÁKK Sells HUF 40 bln of Securities at Auction, as Planned

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of securities at auction on Thursday, as planned, according to...

Debt

Czechia’s 2022 Budget Ends With Huge Deficit

The Czech Republic's state budget ended 2022 with a deficit of CZK 360.4 billion (EUR 14.97 billion), the third worst...

Banking

Romania’s Lending Growth Slows in November

The value of Romanian banks' outstanding loans to the non-government sector grew 13.2% year-on-year in November, to RON 364.4 billion...

Debt

Hungary State Debt Ratio Falls to 73.5% at End-2022 – Varga 

Hungary's state debt relative to GDP fell to 73.5% at the end of last year from 76.8% at end-2021, Finance...

Banking

Gránit Bank Shareholders Approve HUF 2 bln BDPST Capital Raise

Shareholders of Gránit Bank approved a HUF 2 billion capital raise in the lender by Tiberis Digital, a unit of...

Banking

Companies Make Net Deposits of HUF 569 bln in November

Non-financial companies made net deposits of HUF 569 billion in their accounts at Hungarian banks in November, news agency MTI...

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...