Banking

Banking

“Servant tax” proves a failed venture

In January, the treasury only collected HUF 300,000 and altogether a mere HUF 1.1 million went to the state coffers...

Banking

The math of manufacturing jobs

The automotive industry is perhaps the single most important business segment in Hungary on which GDP growth depends. Now, it...

Banking

The math of manufacturing jobs

The automotive industry is perhaps the single most important business segment in Hungary on which GDP growth depends. Now, it...

Banking

Hungary deficit 17.9% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 122.8 billion in January or 17.9% of the...

Banking

Hungary deficit 17.9% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 122.8 billion in January or 17.9% of the...

Banking

Tax burdens in Hungary above EU average, but will improve, says ministry

As a result of the tax measueres introduced during the last few months , the tax burden in Hungary has...

Banking

Tax burdens in Hungary above EU average, but will improve, says ministry

As a result of the tax measueres introduced during the last few months , the tax burden in Hungary has...

Banking

Gov’t may offer companies incentive for wage compensation

The government may offer companies an incentive to compensate workers who take home less because of tax changes, Antal Rogán,...

Banking

Gov’t may offer companies incentive for wage compensation

The government may offer companies an incentive to compensate workers who take home less because of tax changes, Antal Rogán,...

Banking

Annual bonuses postponed till Jan, causing Dec business sector wages to fall

Companies in the business sector probably put off payment of year-end bonuses last year until January to take advantage of...

Banking

Annual bonuses postponed till Jan, causing Dec business sector wages to fall

Companies in the business sector probably put off payment of year-end bonuses last year until January to take advantage of...

Banking

Hungary banks want special tax ended soon

Hungary's special bank tax, passed into law in parliament on Thursday, could drive 8-10 banks into the red this year...

Banking

Hungary banks want special tax ended soon

Hungary's special bank tax, passed into law in parliament on Thursday, could drive 8-10 banks into the red this year...

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...

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...

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...