Finance

MNB

MNB fines Bankmentor HUF 70 mln

The National Bank of Hungary (MNB) on Monday said it fined Bankmentor HUF 70 mln for providing unlicensed financial brokerage...

Debt

ÁKK sells HUF 38 bln of securities at auction, above plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 38 billion of securities at auction on Thursday, HUF 3...

Debt

Romania’s public debt-to-GDP ratio under 50%

Romania's public debt to GDP ratio reached 49.2% at the end of April, from a revised 48.4% level at the...

Banking

Raiffeisen Bank fined for failure to remedy shortfalls

The National Bank of Hungary (MNB) on Tuesday said it fined Austrian-owned Raiffeisen Bank HUF 34 million for failing to...

MNB

MNB adds FX swap tender in June

The National Bank of Hungary (MNB) on Friday said it will hold a two-week FX swap tender providing euro liquidity...

Banking

Serbia’s gross FX reserves decreases in May

National Bank of Serbia gross foreign exchange (FX) reserves amounted to EUR 13.9 billion at end-May, the central bank has...

Trade

Gas deliveries to Hungary continuing, uninterrupted – Szijjártó

Hungary is getting its contracted volume of gas delivered without interruption, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Banking

N. Macedonia’s c. bank raises key policy rate 

North Macedonia's central bank said on Wednesday it decided to raise its policy rate by 0.25 percentage points to 2%,...

Banking

OBA repays MNB bridging loan for Sberbank depositor compensation

Hungary's National Deposit Insurance Fund (OBA) on Thursday said it repaid a HUF 147 billion bridging loan from the National...

Banking

EBRD, Sweden, Banca Intesa boost women entrepreneurs in Serbia

The European Bank for Reconstruction and Development is extending an EUR 8 million loan to Banca Intesa Belgrade in Serbia,...

MNB

MNB raises 1-week deposit rate 50 bp to 7.25%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 50 bp to 7.25% ahead...

Debt

ÁKK announces details of dollar bond buyback

Hungary's Government Debt Management Agency (ÁKK) announced on Wednesday the details of an early repurchase of USD 1.2 billion of...

Trade

Nagy: 3rd country farm imports should meet EU standards

Hungarian Minister of Agriculture István Nagy said the same strict standards with which European Union farmers must comply should apply...

Banking

Banking sector liquidity increases in May

Forint liquidity of Hungary's banking sector rose in May, reflected mainly by an increase in the average stock of lenders'...

Debt

Poland c/a deficit widens in April

Poland's current account deficit rose to EUR 3.924 billion in April, from EUR 2.97 billion in March and compared to...

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...