Banking

Banking

Romanian Central Bank FX Reserves Rise in Sep

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EU 43.711 billion at the end...

Banking

Sberbank Loan Portfolio Acquisition Lifts Lending Stock in Aug

The acquisition of the credit portfolio of failed Sberbank Magyarország "fundamentally influenced" lending transactions in the month of August, the...

Banking

Czech C. Bank Keeps Rates on Hold

The Czech National Bank kept its key interest rates unchanged for the second straight meeting on Thursday, according to Tradingeconomics.com....

Banking

MKB Bank, Takarékbank Merger to be Dubbed MBH Bank

MKB Bank and Takarékbank will merge in May 2023 and take the name MBH Bank, Magyar Bankholding said this week....

Banking

Banking Sector in a Difficult Situation, Says Csányi

I feel that not everyone in a position managing the economy sees clearly that the banking sector is in a...

Banking

Banking Assoc Wants Floating Mortgage Rate Freeze Phased Out 

The Hungarian Banking Association argued for a gradual phaseout of a freeze on floating mortgage rates in a statement issued...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

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...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

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...