Finance

Banking

MKB Fund Plows EUR 15 mln Into Opus Agribusiness

Listed holding company Opus Global on Friday announced a decision on a EUR 15 mln capital raise at its agribusiness...

Debt

ÁKK Sells HUF 44.5 bln of Bonds at Auction

The Government Debt Management Agency (ÁKK) sold HUF 44.5 billion of bonds at auction on Thursday, HUF 14.5 bln more...

Banking

Companies Borrow Close to HUF 200 bln in September

Non-financial companies borrowed a net HUF 197 billion from Hungarian banks in September, state news wire MTI reports, citing monthly...

Banking

Households Make Net Withdrawals From Bank Accounts in Sep

Households made net withdrawals of HUF 124 billion from their accounts at Hungarian banks in September, monthly data released by...

Ratings

Moody’s Changes Hungary Banking Sector Outlook to Negative

Moody's Investors Service on Wednesday changed the outlook for Hungary's banking sector to negative from stable, citing "lower profitability and...

Banking

OTP Bank Reducing Home Loan Products

OTP Bank is reducing the number of home loan products, according to profitline.hu....

Banking

Banking Assoc Criticizes Extension of Lending Rate Freeze to SMEs

"The high level of burdens on banks and the uncertainty caused by subsequent intervention in contractual relations has now reached...

Debt

Level of Public Debt may be Lower Than Planned

This year, the level of public debt may be much lower than planned due to accelerating inflation and strong economic...

Banking

EBRD Lending EUR 40 mln to Serbia’s Addiko Bank to Support SMEs

The European Bank for Reconstruction and Development said on Wednesday it will provide a loan of EUR 40 million to...

Banking

Central Bank Policymakers Leave 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%...

Banking

Gov’t Extends Lending Rate Freeze to Small Businesses

Hungary's government has decided to extend a freeze on lending rates to SMEs, Gergely Gulyás, the head of the Prime...

Ratings

Scope Downgrades Wellis as Demand for Hot Tubs Dries up

Scope Ratings on Thursday downgraded the issuer rating of Hungarian hot tub maker Wellis Magyarorszag to B- from BB- as...

Debt

ÁKK Sells HUF 55 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 55 billion of bonds at auction on Thursday, HUF 30 bln over...

Banking

OTP Marks Financial Education Foundation Milestone

OTP Bank, Hungary's biggest commercial lender, marked the 30th anniversary of the establishment of the OTP Fáy András Foundation on...

MNB

MNB Justifies ‘Close Monitoring’ of Lending Portfolio Quality

The quality of Hungarian banks' lending portfolio requires no macroprudential intervention at present, but "close monitoring is justified", the National...

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...