Finance

Banking

KPMG Hungary becomes ‘approved verifier’ of green bonds

The local firm of consultancy KPMG on Tuesday said it has been certified an "approved verifier" of green securities under...

Debt

ÁKK cuts offer at 3-month T-bill auction 

The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount three-month T-bills at auction on Tuesday, cutting its...

Trade

Slovenian trade balance turns to deficit in Q1

Slovenia's trade balance turned to a EUR 1.649 billion deficit in the first quarter of 2022, from a EUR 703.6...

Trade

Deficit on external trade in goods reaches EUR 503 mln in Mar

Hungary's deficit on external trade in goods stood at EUR 503 million in March 2022, according to data published by...

MNB

MNB signs agreement with EIB

The National Bank of Hungary (MNB) and the European Investment Bank (EIB) signed an agreement that the sides said will...

Banking

Investment fund NAV at HUF 10.374 tln

The net asset value of Hungarian investment funds rose by about HUF 170 billion to HUF 10.374 trillion in March...

Banking

Households withdrew HUF 186 bln in March

Hungarian households withdrew a net HUF 186 billion from their bank accounts in March, a month after a tax rebate...

Banking

25% of banks plan tighter corporate lending conditions 

Net 25% of Hungarian banks plan to tighten corporate lending conditions in the second and third quarters, a survey of...

Banking

Erste Bank Hungary books HUF 908 mln Q1 loss

Erste Bank Hungary booked an after-tax loss of HUF 908 million in the first quarter as the lender paid an...

Banking

RBI earnings in Hungary climb to EUR 35 mln in Q1

Austria's Raiffeisen Bank International (RBI) booked an after-tax profit of EUR 35 million at its business in Hungary in the...

MNB

MNB to review, fine-tune green programs in 2022

This year, the National Bank of Hungary (MNB) will review and fine-tune measures introduced in the framework of its green...

Trade

Serbia’s Q1 trade gap more than doubles

Serbia's foreign trade deficit widened by 115% year-on-year in the first three months of 2022, reaching USD 3.058 billion (EUR...

Debt

ÁKK sells HUF 20 bln of 3-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, HUF 10...

Banking

Home loan NPL ratio reaches 3.7% after blanket moratorium ends

Non-performing loans accounted for 3.7% of Hungarian lenders' stock of home loans at the end of December, two months after...

Debt

ÁKK sells HUF 74 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 74 billion of bonds at auction on Thursday, HUF 29 bln more...

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...