Banking

Banking

K&H Bank Signs InvestEU Funding Agreement With EIF

Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the...

Banking

Faster CEE Growth Faces External Headwinds – UniCredit

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1%...

Banking

Cards Linked to Youth Accounts Spending More in Summer

In the summer months, the turnover of bank cards linked to youth accounts increases significantly, K&H said this week, according...

Banking

Bank Branch Salespeople in High Demand

Bank branch salespeople are in high demand, according to an analysis by the business daily Világgazdaság....

Banking

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Banking

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

Banking

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

Banking

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Banking

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Banking

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Banking

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Banking

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Banking

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

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...