Finance

Debt

ÁKK sells HUF 10 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of bonds maturing in 2033 for ones expiring in 2023...

Banking

Raiffeisen Bank inaugurates bigger service center in Nyíregyháza

Austrian-owned Raiffeisen Bank inaugurated a new office building to accommodate the more than 400 staff at its service center in...

Debt

ÁKK at 64% of annual issue plan

The Government Debt Management Agency (ÁKK) has said it reached 64% of its annual issue plan by the end of...

Debt

ÁKK auctions off HUF 15 bln of 3-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Transactions lift corporate lending stock in May

Non-financial companies were net borrowers to the tune of HUF 75 billion in May, but withdrew net HUF 27 bln...

Banking

Households continue to make net withdrawals in May

Households withdrew a net HUF 149 billion from their bank accounts in May, three months after a tax rebate for...

Debt

Hungary gen gov’t deficit reaches HUF 739 bln in Q1

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

MNB

MNB expects inflation to peak in the fall

The National Bank of Hungary (MNB) said it expects inflation to peak in the fall months and then start to...

Banking

EBRD and ProCredit promote energy efficiency in Albania

The European Bank for Reconstruction and Development is stepping up efforts to improve energy efficiency in Albania with a EUR...

Banking

40,000 take out HUF 140 bln in ‘consumer-friendly’ personal loans

Nearly 40,000 customers have signed contracts for HUF 140 billion of fixed-rate personal loans certified "consumer-friendly" by the National Bank...

Banking

Over 80,000 retail clients still avail of repayment moratorium

In April around 82,000 retail clients were still participating in a conditional repayment moratorium in force from November 1, the...

MNB

MNB base rate could climb above 10%, City analysts say

According to the significantly revised forecasts of London-based emerging markets analysts, the base rate of the National Bank of Hungary...

Banking

Romania’s annual bank deposits growth in May

The deposits of the non-governmental sector in Romanian banks grew 10.4% year-on-year to RON 481 billion (EUR 97 billion) in...

MNB

Policymakers raise base rate 185 bp to 7.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 185...

Banking

Diákhitel raises rate on general-purpose student loans to 4.99%

State-owned student loan provider Diákhitel on Monday said the interest rate on its free-purpose loans will rise to 4.99% from...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...