Finance

Banking

ÁSZ head urges further incentives for retail gov’t securities

László Domokos, the chairman of the State Audit Office (ÁSZ), put incentivizing households' savings in government securities among the state's...

Banking

EBRD, EU and GIZ support digitalization of SMEs in Bosnia

The European Bank for Reconstruction and Development and the European Union are stepping up support for small and medium-sized businesses...

Debt

Serbia c/a deficit widens in March

Serbia's current account deficit widened to USD 461 million in March from a gap of USD 104.9 million in the...

Banking

Banks make case for ending mortgage rate freeze

The Hungarian Banking Association argued for ending a temporary freeze on floating mortgage rates in a statement issued after their...

MNB

Opus Global fund manager fined for regulatory shortfalls

The National Bank of Hungary (MNB) on Wednesday said it fined Opus Global Investment Fund Management HUF 10 million for...

Debt

Hungary’s Q1 C/A deficit reaches EUR 2.337 bln

Hungary's current account had a EUR 2.337 billion deficit in the first quarter, state news wire MTI reports, citing an...

Debt

Romania’s foreign debt rises in March

Romania's foreign debt increased to EUR 135.3 billion at the end of March from EUR 134.6 billion at the end...

Banking

Erste Bank Hungary launches ESOP

Austrian-owned Erste Bank Hungary on Monday announced the launch of an employee stock ownership program (ESOP), according to a report...

Banking

Czech c. bank launches interventions on FX markets 

The Board of the Czech National Bank has decided to launch interventions on foreign exchange markets due to the significant...

Banking

KBC Q1 earnings in Hungary hit by extraordinary OBA contribution

Belgian banking and insurance company KBC booked Q1 net income of EUR 35 million at its business in Hungary, down...

Banking

Banking sector forint liquidity falls in April

Forint liquidity of Hungary's banking sector fell in April, reflected mainly in a decline in the average stock of lender's...

Debt

ÁKK sells HUF 53 bln of securities at auction

The Government Debt Management Agency (ÁKK) sold HUF 53 bln of securities at auction on Thursday, HUF 8 bln more...

MNB

MNB dep gov flags move from ‘aggressive’ to ‘gradual’ policy phase

National Bank of Hungary (MNB) deputy-governor Barnabás Virág said monetary policy is moving from the "aggressive" to the "gradual" phase...

Banking

Romania’s c. bank hikes key rate 

The National Bank of Romania said on Tuesday it will increase its monetary policy rate to 3.75% from 3.00% as...

Banking

Moody’s upgrades Raiffeisen Bank to ‘A3’

Moody's Investors Service yesterday said it upgraded the local and foreign currency long-term deposit ratings of Hungarian lender Raiffeisen Bank...

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...