Finance

MNB

MNB accepts no bids at FX swap tender

The National Bank of Hungary (MNB) accepted no bids at a weekly tender on Monday for FX swaps, a facility...

Banking

Romanian c. bank FX reserves edge down in September

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 41.216 billion at the end of...

Debt

ÁKK issuance at 80% of full-year target 

Issues of government securities reached HUF 7.641 trillion in January-September, 80% of the full-year target, the Government Debt Management Agency...

Banking

Stock of baby support loans at HUF 1.419 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.419 trillion at the end of August, up HUF...

Debt

Gov’t sector deficit set to rise in tandem with GDP

Hungary has raised its targets for the government sector deficit and GDP growth in 2021, while keeping the deficit relative...

Banking

OTP potentially acquiring majority stake in Ipoteka Bank

OTP Bank said yesterday that it signed a non-binding memorandum of agreement regarding the potential acquisition of the majority stake...

Banking

Companies’ net borrowing rises to HUF 231 bln in August

Non-financial companies took out net HUF 231 billion in loans from local lenders in August, the highest monthly amount in...

Banking

EBRD lending EUR 10 mln to finance MSMEs in Romania

The European Bank for Reconstruction and Development said that it has signed a EUR 10 million senior unsecured loan to...

Debt

State debt ratio falls to 77.4% in Q2

Hungary's state debt relative to GDP fell to 77.4% at the end of the second quarter from 80.8% at the...

Banking

Czech c. bank significantly ups rate as inflation soars

The Czech Republic's central bank has significantly increased its key interest rate by three-quarters of a point to 1.50%, in...

Debt

ÁKK cuts offer for green bond on weak demand

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of a 30-year green bond at auction on Thursday, halving...

Banking

PannErgy signs HUF 2.85 bln credit agreement

Listed alternative energy company PannErgy said it entered into a HUF 2.85 billion credit facility agreement with a consortium of...

Banking

Below half of retail borrowers still in repayment moratorium

Less than half of the eligible retail borrowers are still participating in the repayment moratorium, National Bank of Hungary (MNB)...

Ratings

Moody’s takes rating actions on Hungarian banks

Moody's Investors Service on Tuesday said it took rating actions on six Hungarian banks, following the upgrade of Hungary's sovereign...

Ratings

Moody’s affirms Budapest Baa3 rating, revises outlook to stable

Moody's Investors Service on Tuesday affirmed the Baa3 local and foreign currency long-term issuer ratings of the city of Budapest...

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...