Finance

Banking

Banks’ corporate lending stock climbs close to 11% in 2021

Hungarian banks' corporate lending stock rose 10.7%, or around HUF 1 trillion, last year, news agency MTI reports, citing a...

Banking

Hungarian Bankholding launches client info campaign as MKB-Budapest Bank merger nears

On March 31, Budapest Bank and MKB Bank are set to merge in a three-way bank merger led by Hungarian...

Trade

Slovenia posts trade deficit in Jan

Slovenia swung to a trade gap of EUR 423,030 in January from a surplus of EUR 348.2 million in January...

MNB

MNB raises 1-week deposit rate by 50 bp to 5.85%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 50 bp to 5.85% ahead...

Debt

ÁKK sells HUF 12.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 12.5 billion of bonds maturing in 2030 and 2033 for ones expiring...

Banking

Erste Bank Hungary profit climbs over HUF 59 bln in 2021

Austrian-owned Erste Bank Hungary had an after-tax profit of HUF 59.2 billion last year, up from HUF 22.9 bln in...

Banking

Csányi fund buys more OTP shares on the cheap

An investment fund of OTP Bank chairman-CEO Sándor Csányi bought over HUF 1.2 billion of OTP shares on Tuesday, as...

MNB

MNB’s BGS subscription nearing threshold

The National Bank of Hungary (MNB) has bought HUF 1.509 trillion of corporate securities in the framework of its Bond...

MNB

MNB int’l reserves rise EUR 730 mln in February

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.246 billion at the end of February, up...

Banking

Households withdraw HUF 166 bln from bank deposits in January

Households made net withdrawals of HUF 166 billion from bank deposits in January, according to data released by the National...

Banking

Bond subscriptions make up 90% of corporate lending 

Bond subscriptions accounted for more than 90% of banks' net corporate lending in January, according to monthly data released by...

Banking

Bulgaria to pull out of International Investment Bank

The Bulgarian government said it will cancel the country's membership of Budapest, Hungary-based International Investment Bank (IIB) and Moscow-headquartered International...

Banking

Raiffeisen Bank Hungary profit exceeds HUF 36 bln in 2021

Raiffeisen Bank Hungary closed a successful 2021, achieving a profit of more than HUF 36 billion, up about 150% compared...

Banking

OTP Q4 profit climbs 69% y.o.y.

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 69% year-on-year to HUF 121.1 billion, lifted by an...

Debt

ÁKK sells HUF 45.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45.5 billion of securities at auction on Thursday, HUF 4.5...

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...