Finance

Banking

Homebuyers in capital take out HUF 21 mln mortgage, on avg

Homebuyers in the capital who took out mortgages in the first quarter borrowed HUF 21.1 millio, on average, up from...

Banking

OTP requests postponement regarding Uzbek acquisition

OTP has requested a two-to-three month postponement from Uzbekistan in connection with the acquisition of Ipoteka Bank, according to profitline.hu....

Banking

OTP Bank approves HUF 429-per-share dividend

Shareholders of OTP Bank, Hungary's biggest commercial lender, approved the board's proposal to pay a HUF 429.46-per-share dividend on 2019-2021...

Banking

Banking sector forint liquidity falls in March

Forint liquidity of Hungary's banking sector fell in March, reflected by a decline in lenders' one-week deposits with the central...

Trade

Estonia trade deficit widens in Feb

Estonia's trade deficit increased to EUR 309.0 million in February from EUR 70.0 million in the same month last year,...

Debt

ÁKK sells HUF 50 bln of discount 3-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Trade

Slovakia trade balance swings to deficit

Slovakia's trade balance registered a deficit of EUR 258.7 million in February versus a surplus of EUR 496.4 million in...

Banking

Sberbank sells 44% of Croatia’s Fortenova to Hungary’s Indotek

Croatia's largest privately-owned company Fortenova, the successor to the collapsed food-to-retail concern Agrokor, said its biggest shareholder, Russia's top lender...

Banking

Serbia raises interest rates for first time since 2008

The National Bank of Serbia hiked its main interest rate by 50 basis points to 1.5%, the first rise in...

MNB

MNB int’l reserves stand at EUR 36.972 bln

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.972 billion at the end of March, EUR...

Debt

Gen gov’t deficit over HUF 2.309 tln at end-March

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.309 tln at the end of March, the Finance...

Ratings

Fitch still sees de-escalation of Hungary-EU tensions

Fitch Ratings on Thursday acknowledged that an election victory by Viktor Orbán's Fidesz-KDNP government on Sunday "extends tensions" with the...

MNB

Monetary Council considered other base rate increments

Members of the Monetary Council of the National Bank of Hungary (MNB) discussed several increments for the base rate rise...

Trade

Slovenia to start LNG imports via Croatia’s Krk terminal in Oct

Slovenia hopes to start natural gas imports through the Krk liquefied natural gas (LNG) terminal in Croatia in October, Slovenian...

Trade

Deficit on external trade in goods amounts to EUR 91 mln in Feb

The value of exports was 18% and that of imports 29% larger in EUR terms in February 2022 than in...

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...