Banking

Banking

Hungarian Banks: HUF 50,000 Stolen Every Minute in 2023 Scam Surge

The National Bank of Hungary (MNB) has pointed to a surge in financial scams in 2023, with an increasing share...

Banking

OTP Makes Offer for Bank in EU – CEO

OTP Bank made an offer on Thursday to acquire another bank in a European Union member state, chairman-CEO Sándor Csányi...

Banking

Lenders’ Home Loan Outlays at HUF 344 bln in H2 2023

Hungarian lenders' outlays of home loans reached HUF 344 billion in the second half of 2023 after falling to HUF...

Banking

Lender Liquidity Increases Further

Forint liquidity of the domestic banking sector rose in March, indicated by an increase in average stock of central bank...

Banking

CIB Group Closes 2023 with Record Performance

Last year was the most successful in CIB Bank’s history to date, boasting a record profit of HUF 63.9 billion...

Banking

Smart FX With Gránit Bank: Anytime, Anywhere, via Mobile App

Vacation season will soon be upon us, and many people are already planning trips abroad. But logistics aren’t the only...

Banking

UniCredit Looking to Conquer Hungarian Investors With Onemarkets Fund

The Budapest Business Journal talks with Giacomo Volpi, deputy CEO at UniCredit Bank Hungary, and Réka Vörös, head of the...

Banking

R34DY: Connecting the Building Blocks for Core Banking Systems

The company’s name reminds you of a robot from Star Wars, and it has been pronounced in the wildest possible...

Banking

MBH Group After-tax Profit Doubles in 2023

After-tax profit of MBH Group, Hungary's second-biggest commercial lender rose 101% to HUF 183.2 bln in 2023, an earnings report...

Banking

Raiffeisen Bank Zrt Profit Rises Over HUF 103 bln in 2023

The after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 43% to HUF 103.3 billion in 2023, an earnings report shows....

Banking

Eximbank Balance Sheet Climbs 70% 

The balance sheet of Magyar Eximbank climbed 70% last year, CEO Kornel Kisgergely said at the Exim Awards ceremony, according...

Banking

Revolut Irresolute About Opening Subsidiary in Hungary

Revolut has introduced several new features for its Hungarian customers in recent weeks, prompting business daily Világgazdaság to ask whether...

Banking

Value of Bank Card Payments Climbs 10% in Q4

The value of payments in Hungary made with locally-issued bank cards climbed 10% year-on-year to HUF 3.973 tln in the...

Banking

Banking Sector Forint Liquidity up in February

Forint liquidity of the domestic banking sector rose in February, indicated by an increase in the average stock of central...

Banking

Rate Freeze on SME Credit Ending April 1

A rate freeze on SME credit will end on April 1, as lending rates are expected to fall under the...

Banking

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

Banking

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Banking

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Banking

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

Banking

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

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...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...

Cash Flow Under Pressure: How Factoring Supports Business Resilience

In an increasingly uncertain economic environment, companies are placing greater emphasis on liquidity, as well as operational resilience....

OTP Accounts for 53% of Hungarian Banking Groups’ Total Assets

OTP Bank’s consolidated total assets accounted for 53% of the combined balance sheet of banking groups in Hungary at the...

Hungarian Banking Sector Profit Declines 22% in H1 2026

Hungarian banks’ combined after-tax profit fell 22% year-on-year to HUF 685 billion in the first half, data released by the...

MBH Bank Posts HUF 88 bln Adjusted Comprehensive Income in H1

MBH Bank reported adjusted total comprehensive income of over HUF 88 bln in H1 2026, HUF 780 mln above the...

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Household Lending Hits Historic High in June

Hungary recorded an unprecedented jump in household lending in June 2026, with monthly new loans surpassing HUF 500 billion for...

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

Banking Association Presses for Predictable Economic Policy

Hungarian Banking Association leaders congratulated the new government and said lenders were ready to play an active role in supporting...

Strong International Demand for MBH Bank’s Bonds

MBH Bank has completed another international bond issuance under its international program, placing EUR 500 mln of MREL-eligible bonds amid...

MBH Mortgage Bank Issues EUR 500 mln Covered Bond

MBH Mortgage Bank has issued a EUR 500 mln benchmark-sized covered bond on the international capital market, attracting total demand...