Finance

Banking

KBC books Q3 earnings of EUR 62 mln in Hungary

Belgium's KBC booked net income of EUR 62 million at its businesses in Hungary in the third quarter, up 22%...

Banking

Banking sector liquidity up in Oct, supported by maturing swaps

Liquidity of the Hungarian banking sector increased in October, supported by the maturing of euro liquidity swaps, the National Bank...

MNB

MNB: Corporate bond market more than tripled since BGS launch

At the end of Q3, the non-financial corporate bond market rose in size to 4.4% of GDP, compared to the...

Trade

Estonia trade balance swing to deficit in September

Estonia's trade balance registered a deficit of EUR 75 million in September versus a surplus of EUR 18 mln in...

Debt

12-month T-bill yields jump at auction; ÁKK cuts offer

The Government Debt Management Agency (ÁKK) cut its offer of discount 12-month T-bills at an auction on Thursday as yields...

Banking

Romania’s central bank raises key rate

The Board of the National Bank of Romania (BNR) decided on Tuesday to raise the benchmark interest rate to 1.75%...

Trade

Romania trade deficit widens in September

Romania's trade deficit increased to EUR 2.131 billion in September from EUR 1.543 bln in the same month last year,...

Banking

OTP private banking business shows robust growth

OTP Bank's private banking division's managed assets grew 3% to more than EUR 9 billion in the third quarter as...

Trade

Czech trade balance swing to deficit in September

Czech Republic's trade balance registered a deficit of CZK 13.293 billion (EUR 526.1 million) in September versus a surplus of...

Banking

Futureal signs for EUR 60 mln loan from Erste Bank

Hungarian property developer Futureal on Tuesday said it signed a contract for a EUR 60 million loan from Erste Bank...

Banking

Czech industrial production falls in September

The Czech Republic's industrial production declined a working-day adjusted 4.0% year-on-year in September, following a 1.4% fall in August, data...

Debt

Stimulus lifts gen gov’t deficit to HUF 2.922 tln in October 

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.922 trillion at the end of October, widening on...

Trade

Surplus on external trade in goods at EUR 1.3 mln in Sep

The surplus on external trade in goods stood at EUR 1.3 million in September 2021, down EUR 1.2 billion compared...

MNB

Weekly QE purchases of gov’t bonds under target

The National Bank of Hungary (MNB) bought HUF 35 billion of government securities in the framework of a quantitative easing...

Ratings

Scope assigns GOPD ‘B’ rating

Scope Ratings has assigned Hungarian real estate developer GOPD a first-time issuer rating of "B," with a stable outlook, GOPD...

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...