Banking

Banking

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

Banking

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Banking

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Banking

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Banking

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Banking

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

Banking

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

Banking

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

Banking

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Banking

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

Banking

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Banking

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

Banking

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Banking

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Banking

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

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...