Finance

MNB

Rate Hikes Continue as Expected

The National Bank of Hungary (MNB) continued its tightening cycle, raising the key rate by 15 basis points to 1.8%...

Debt

ÁKK sells HUF 41 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 41 billion of securities at auction on Thursday, HUF 6...

Debt

Croatia’s end-June gen gov’t debt climbs

Croatia's general government debt stood at 86.1% of the gross domestic product (GDP) at the end of June, up 3.5...

Banking

Bulgaria’s non-govt deposit growth slows in Sept

The deposits of Bulgaria's non-government sector increased by 11.8% year-on-year in September, reaching BGN 100.3 billion (EUR 51.3 billion), after...

Banking

Romania’s annual bank deposits growth slows in Sept

The deposits of the non-governmental sector in Romanian banks grew 13.9% on the year to RON 452.4 billion (EUR 92...

Banking

Housing loans amount to nearly 9% of GDP

Within loans to the household sector, housing loans accounted for almost 48%, the ratio of which to GDP increased from...

Trade

Kosovo trade gap expands in September

Kosovo's trade deficit increased by 43.1% year-on-year to EUR 351.3 million in September, the country's statistical office said on Friday....

MNB

Weekly QE purchases of gov’t bonds in line with target

The National Bank of Hungary (MNB) bought HUF 38.5 billion of government securities in the framework of a quantitative easing...

Debt

Croatia swings to general government deficit in 2020

Croatia swung to a consolidated general government budget deficit of HRK 27.851 billion (EUR 3.7 billion) in 2020, equivalent to...

Banking

Rate of restructured home loans jumps in H1

The share of restructured home loans in Hungarian banks' portfolios rose sharply in the first half as borrowers anticipated the...

Banking

Lenders’ share of corporate loans falling to 4%

The share of lenders' stock of corporate loans under a repayment moratorium is expected to fall from 20% to 4%...

Debt

Slovakia c/a swings to deficit in Aug

Slovakia posted a current account deficit of EUR 527 million in August compared to EUR 193 million surplus in the...

Banking

OTP Bank Romania reaches 4% market share

The Romanian unit of Hungary's OTP Bank has boosted its market share to 4% in the second year of a...

Debt

Bulgaria c/a surplus widens in August

Bulgaria's current account surplus widened to EUR 328.3 million in August from EUR 66.8 million in the same month of...

Debt

Romania’s public debt up in August

Romania's gross public debt has increased by some RON 5 billion (EUR 1 billion) in August, to RON 550.3 billion...

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...