Banking

Banking

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Banking

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

Banking

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

Banking

EBRD Approves EUR 8 mln Loan to Bosnia’s Sparkasse Bank

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse...

Banking

Higher Mandatory Reserve Ratio Soaks up Banking Sector Liquidity

Forint liquidity of the Hungarian banking sector narrowed in April as a higher mandatory reserve ratio came into effect, the...

Banking

OTP Calls Inclusion on ‘Sponsors of War’ List ‘Undeserved’

OTP Bank, Hungary's biggest commercial lender, said its inclusion on a list of "international sponsors of war" by Ukraine's National...

Banking

MBH to Set up Own Investment Bank

MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according...

Banking

OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary's biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from...

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

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...