Finance

MNB

Policymakers raise base rate 100 bp to 4.4%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 100...

Debt

Bulgaria c/a switches to deficit in January

Bulgaria current account switched to a deficit of EUR 433 million in January compared to a surplus of EUR 39.2...

MNB

MNB prepares climate-related financial disclosure

The National Bank of Hungary (MNB) is among the first central banks and domestic financial institutions to publish its Climate-related...

Ratings

Moody’s downgrades International Investment Bank to ‘Junk’ status

Moody's Investors Service has downgraded the Budapest-based International Investment Bank's (IIB) long-term issuer and senior unsecured debt ratings to "Ba1"...

Debt

Romanian foreign debt rises January

Romania's foreign debt increased to EUR 137 billion at the end of January from EUR 134 bln at the end...

Debt

Czechs indebted themselves at record rate in 2021

The total debt held by Czech households rose by a record CZK 365 billion (some EUR 14.79 bln) in 2021...

MNB

MNB leaves 1-week deposit rate on hold

The National Bank of Hungary (MNB) left the rate for its one-week deposit facility on hold at 5.85% ahead of...

Debt

ÁKK sells HUF 30 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Wednesday, in line...

Banking

Banking sector forint liquidity grows in February

Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central...

Trade

Deficit on external trade in goods amounts at EUR 196 mln in Jan

The deficit on external trade in goods stood at EUR 196 million in January, with the value of imports growing...

Banking

Banking on best practices to improve customer service, satisfaction

Giacomo Volpi has been deputy CEO at UniCredit Bank Hungary since June 2021. In this exclusive interview, he speaks with...

Banking

Banks’ retail loan portfolio expanded 15.2%

Hungarian banks' retail loan portfolio expanded 15.2%, or HUF 1.231 trillion, last year, supported by outlays of credit for homes...

Banking

Automated Financial Assistant Spreading net at Magyar Bankholding

An automated financial assistant developed to make bookkeeping simpler for small businesses is being made available in all member banks...

Banking

Croatia non-central govt deposit, loan up in January

The deposits of Croatia's non-central government sector increased by 10.8% year-on-year and dipped by 0.1% month-on-month in January, reaching HRK...

Trade

Czech trade surplus declines in January

The Czech Republic's trade surplus decreased to CZK 6.159 billion (some EUR 244 million) in January from CZK 24.796 billion...

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...