Finance

MNB

MNB fines OTT-ONE HUF 111 mln over market manipulation

The National Bank of Hungary (MNB) on Monday said it fined listed IT company OTT-ONE HUF 111 million over market...

Debt

ÁKK sells HUF 20 bln of debut 10-year green bond

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of a 10-year green bond it offered for the first...

Ratings

Fitch rates EBH’s preferred notes ‘BBB+(EXP)’

Fitch Ratings has assigned Erste Bank Hungary Zrt.'s upcoming senior preferred (SP) bonds a "BBB+(EXP)" expected long-term rating, the rating...

Banking

Banking association signs agreement with DJP

The Digital Welfare Program (DJP) and the Hungarian Banking Association have signed a cooperation agreement to improve the digital awareness...

MNB

MNB leaves 1-week depo rate at 4%

The National Bank of Hungary (MNB) left the rate for its one-week deposit facility unchanged at 4% ahead of a...

Banking

BÁV: Demand for gold remains strong 

Demand for investment gold bullion (BCA) in stores of BÁV was much stronger than expected last year, writes profitline.hu....

Trade

Albania trade gap widens in 2021

Albania's trade deficit widened by 29.6% year-on-year in 2021, to ALL 432 billion (EUR 3.5 billion), the statistical office said...

Banking

Credit Demand Index falls in December

The Bank360 Retail Credit Demand Index fell to 82.9% in December, down from 88.8% in November, but slightly above the...

Banking

Serbian c. bank FX reserves up in 2021

The gross foreign exchange (FX) reserves held by Serbia's central bank rose by EUR 3.0 billion in 2021, reaching EUR...

Trade

Bulgaria trade gap widens in Nov

Bulgaria's trade deficit widened to BGN 1,355.8 million (EUR 693.21 million) in November from BGN 814.4 million in the corresponding...

Banking

Banking sector HUF liquidity falls in Dec amid EUR swap tenders

Forint liquidity of Hungary's banking sector fell in December as the central bank allotted euro liquidity swaps to manage end-of-quarter...

Banking

Domestic ownership in OTP Bank rises

Domestic ownership in OTP Bank, Hungary's biggest commercial lender, increased last year, state news wire MTI reports, citing a disclosure...

Debt

Serbian public debt up in November

Serbia's public debt stood at EUR 29.89 billion at the end of November, accounting for 56.4% of GDP (gross domestic...

Banking

LTV ratios edge lower, mortgage maturities get longer

Loan-to-value ratios for home mortgages are declining, while borrowers take out loans with longer maturities, state news wire MTI writes,...

Trade

Surplus on external trade in goods at EUR 81 mln in Nov

The value of exports amounted to EUR 11.113 billion and that of imports to EUR 11.033 bln in November 2021,...

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...