Finance

Banking

Net asset value of investment funds rises to HUF 10.430 tln

Net asset value of Hungarian investment funds rose to HUF 10.430 trillion at the end of December, state news wire...

MNB

MNB int’l reserves fall EUR 2.862 bln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 35.515 billion at the end of January, down...

Banking

Budapest Bank merger into MKB Bank cleared

The National Bank of Hungary (MNB) has cleared the merger of Budapest Bank and Magyar Takarék Bankholding into MKB Bank...

MNB

MNB fines Sopron Bank for regulatory shortfalls

The National Bank of Hungary (MNB) on Friday said it fined Sopron Bank Burgenland HUF 28 million for compliance shortcomings...

Debt

ÁKK sells HUF 26.5 bln in bonds

The Government Debt Management Agency (ÁKK) sold HUF 26.5 billion of bonds maturing in 2029 and 2033 for ones expiring...

Trade

5th month of trade deficits in November

Hungary had a trade deficit for the fifth month in a row in November, the Central Statistical Office (KSH) said...

MNB

Tightening cycle has muted impact on home loan rates

A tightening cycle launched by the National Bank of Hungary (MNB) last summer has had a marked impact on rates...

Trade

Serbia’s trade deficit rises in 2021

Serbia's foreign trade deficit went up 18.3% on the year to EUR 6.98 billion in 2021, the country's statistical office...

Banking

Bond issues lift corporate lending stock in December

Bond subscription accounted for close to two-thirds of the transaction-based increase in Hungarian banks' corporate lending stock in December, state...

Ratings

Fitch affirms Hungary ‘BBB’ rating with stable outlook

Fitch Ratings affirmed Hungary's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a stable outlook, according to a report...

Banking

Romania’s annual bank deposits growth speeds up in Dec

The deposits of the non-governmental sector in Romanian banks grew 13.9% on the year to RON 479 billion (EUR 97...

MNB

MNB raises 1-week depo rate 30 bp to 4.3%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 4.3% ahead...

Banking

EBRD, EU provide EUR 5 mln to Moldova’s Eximbank for on-lending to MSMEs

The European Bank for Reconstruction and Development and the European Union are jointly lending EUR 5 million to Moldova's Eximbank...

MNB

Policymakers raise base rate 50 bp to 2.9%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 50...

Banking

Financial Arbitration Board allows online submissions from Jan

The Financial Arbitration Board (FAB), a body established 10 years ago by the National Bank of Hungary (MNB) to resolve...

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...