Finance

Debt

ÁKK raises offer at 3-month T-bill auction

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month-T-bills at auction on Tuesday, raising its original...

MNB

MNB books over HUF 300 bln of BGS purchases in Dec

The National Bank of Hungary (MNB) booked the purchase of HUF 322.2 billion of corporate securities issued in the framework...

Trade

Czech Republic trade surplus falls in November

A report from the Czech statistical office on Friday showed that the trade surplus decreased to CZK 5.749 billion (EUR...

Banking

MNB fines Raiffeisen insurance broker HUF 35 mln

The National Bank of Hungary (MNB) on Monday said that it fined insurance broker Raiffeisen Biztosításközvetítő HUF 35 million for...

Debt

Czech gov’t debt largest in history

The Czech Republic's government debt rose to a record CZK 2.47 trillion (EUR 100 billion) last year, the Ministry of...

Banking

220,00 utilizing credit moratorium until June 30

The credit moratorium will help those in need until June 30 this year and will be used by 220,000 retail...

MNB

MNB int’l reserves rise EUR 1.384 bln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 38.377 billion at the end of December, up...

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

Poland’s c. bank hikes key rate 

Poland's central bank raised interest rates on Tuesday and suggested further tightening was on the horizon as the country grapples...

MNB

Base rate to ‘converge’ with 1 wk depo rate

The base rate of the National Bank of Hungary (MNB) will rise to the rate the central bank pays on...

Banking

Romania c. bank FX reserves rise in Dec

The National Bank of Romania announced that the foreign exchange (FX) reserves stood at EUR 40,475 million on December 31,...

MNB

MNB allots EUR 5.392 bln of euro liquidity swaps in Dec

The National Bank of Hungary (MNB) allotted a combined EUR 5.392 billion of euro liquidity swaps at tenders in December,...

Banking

BDPST acquires 57% stake in Gránit Bank

Hungarian-owned BDPST Zrt. last week said it signed a contract to acquire a 57% stake in Gránit Bank, according to...

Banking

OTP raises capital at Romanian unit 

OTP Bank, Hungary's biggest commercial lender, has raised capital at its Romanian unit for the second time this year, by...

MNB

MNB raises 1-week depo rate by 20 bp to 4%

The National Bank of Hungary (NBH) announced a rate of 4% for its one-week deposit facility ahead of a tender...

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...