Finance

Trade

EUR 408 mln Trade Deficit in June

Hungary had a EUR 408 million trade deficit in June, according to a second reading of data released by the...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

MNB

MNB Raises 1-Week Deposit Rate by 100 bp to 11.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 11.75% ahead...

Debt

ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 15.5 billion of bonds maturing in 2029, 2031, and 2033 for ones...

Debt

Czech Republic’s Debt Rose Fastest in EU in 2021

Last year, the Czech Republic saw its government debt rise the fastest out of all EU member states, by 4.2%...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Trade

External Trade in Services Surplus at EUR 2.116 bln in Q2

In the second quarter of 2022, Hungary's external trade in services surplus reached EUR 2.116 billion, with the increase in...

MNB

MNB Raises Base Rate by 100 bp to 11.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 bp to...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

Banking

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Banking

Prague Municipal Court Declares Sberbank CZ Bankrupt

The Prague Municipal Court declared Sberbank CZ, a bank with links to Russia, bankrupt on Friday, reported the Czech Radio....

Trade

Freight Volume Edges Down 3% in Q2

Freight volume in Hungary fell 3.4% year-on-year to 75.3 million tonnes in the second quarter, state news wire MTI reports,...

Debt

Bosnia’s End-June Foreign Debt Rises on Quarter

Bosnia and Herzegovina's foreign debt totaled BAM 9.741 billion (EUR 4.98 billion) at the end of June, up from BAM...

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...