Banking

Banking

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

Banking

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

Banking

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Banking

Number of Bank Branches Shrinking

The branch network of domestic credit institutions continues to shrink, writes business daily Világgazdaság....

Banking

Erste Bank Hungary Closes Acquisition of Commerzbank Unit

Austrian-owned Erste Bank Hungary closed the acquisition of a 100+ stake in Commerzbank's local corporate banking subsidiary Commerzbank Zrt, the...

Banking

Garantiqa Marks 30th Anniversary

Garantiqa Hitelgarancia, a guarantor controlled by the state of Hungary, has officially marked its 30th anniversary, according to portfolio.hu....

Banking

Lawmakers Approve No-fee Cashback Service

MPs on Wednesday voted to give banking clients the chance to avail of cashback service, free of charge, up to...

Banking

Magyar Bankholding Joins UN Environment Program Finance Initiative

Magyar Bankholding has joined the global cooperation established by the United Nations and was among the first Hungarian banks to...

Banking

Gov’t Extends Interest Rate Freeze to Student Loans

Hungary's government has decided to extend an interest rate freeze to free-purpose student loans, keeping the rate for the credit...

Banking

Banking Sector Earnings Fall 12% in Q1-Q3

Combined after-tax profit of Hungarian banks fell 12.4% year-on-year to HUF 562 billion in Q1-Q3 as write-downs and provisions weighed,...

Banking

Insurers’ Premiums Revenue Climbs 10% in Q1-Q3

Hungarian insurers' revenue from premiums rose 10.2% year-on-year to HUF 1.104 trillion in Q1-Q3, data released by the National Bank...

Banking

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Banking

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

Banking

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

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...