Banking

Banking

Banking Sector Survey Points to Pickup in Credit Demand

Banks' economic sentiment deteriorated in Q2-Q3, but lenders anticipate a pickup in demand for credit in the coming six months,...

Banking

Banking Sector Profits Climb 183% in Q1-Q3

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing...

Banking

Households Continue to Make Net Withdrawals in Oct

Households made net withdrawals of HUF 80 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

K&H Debuts Digital Szép Card

K&H became the first bank in Hungary to introduce the digital Szép card alongside the classic plastic card, according to...

Banking

Magnet Bank Launches PayPlus Program

With the introduction of mobile payments, Magnet Bank has launched a new program to support a local NGO, according a...

Banking

Erste Bank Hungary Profit Close to HUF 90 bln in Q1-Q3

Austrian-owned Erste Bank Hungary's after-tax profit climbed to HUF 89.9 billion in Q1-Q3 from HUF 18.4bn in the base period,...

Banking

K&H Bank Earnings Climb to HUF 70.8 bln in Q1-Q3

The after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, rose 129% year-on-year to HUF 70.8 billion in...

Banking

State Agrees to Sell Back 15% Stake in Erste Bank Hungary

State-owned Corvinus International Investment will sell back a 15% stake in Erste Bank Hungary to its Austrian parent, Erste Bank...

Banking

Continued Decline in Demand for Corporate Credit

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website yesterday shows a...

Banking

Magyar Eximbank Issues EUR 1 bln Eurobond

Magyar Eximbank issued a EUR 1 billion eurobond on international markets on Wednesday, the Economic Development Ministry said, according to...

Banking

Companies Make Net Withdrawals of HUF 337 bln in September

Non-financial companies made net withdrawals of HUF 337 billion from their accounts at Hungarian banks in September, state news wire...

Banking

Households Continue to Make Net Withdrawals in September

Households made net withdrawals of HUF 25 billion from their accounts at Hungarian banks in September, state news wire MTI...

Banking

Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary

Austria's Erste Group booked Q1-Q3 net income of EUR 211 million at its business in Hungary, news agency MTI writes,...

Banking

Voluntary Rate Cap for Working Capital Credit to Fall to 11.5%

Economic Development Minister Marton Nagy and representatives of the Hungarian Banking Association agreed to reduce the voluntary rate cap for...

Banking

OTP Bank Opens New Branch in Fót

The branch network of OTP Bank has been expanded with a consultancy-oriented, accessible, and full-service branch in the town of...

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...