Banking

Banking

Prague Municipal Court Declares Sberbank CZ Bankrupt

The Prague Municipal Court declared Sberbank CZ, a bank with links to Russia, bankrupt on Friday, reported the Czech Radio....

Banking

Application Deadline for Diákhitel Plusz Credit Approaches

State-owned student loan provider Diákhitel on Friday said that the deadline for applying for Diákhitel Plusz credit, a one-time general-purpose...

Banking

Takarék Mortgage Bank Balance Sheet Expands 18%

Total assets of Takarék Mortgage Bank, a member of Magyar Bankholding, stood at HUF 758 billion at the end of...

Banking

Hungary Leasing Market Expands 20%

Leasing outlays in Hungary rose 20% year-on-year to HUF 420.2 billion in the first half, the Hungarian Leasing Association said...

Banking

Gránit Bank Acquiring Majority Stake in Equilor

Gránit Bank is acquiring a 50%-plus-one-vote stake in independent brokerage and investment company Equilor Investment Ltd., the parties said on...

Banking

OTP Q2 Profits Fall 38% y.o.y.

Consolidated second-quarter after-tax profit of OTP Bank fell 38% year-on-year to HUF 76.1 billion, dragged lower by a windfall profit...

Banking

Kafijat Shareholder Group in OTP Terminated

The shareholder group in OTP Bank of Kafijat and MGTR Alliance has been terminated, the shareholders informed the lender on...

Banking

HUF 128.2 bln in Home Loans Contracts Signed in June

Hungarian banks signed home loan contracts worth HUF 128.2 billion in June, down 6% from the same month a year...

Banking

Romanian C. Bank FX Reserves Rise in July

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EUR 42.768 billion at the end...

Banking

Companies Borrow Close to HUF 300 bln in June

Non-financial companies took out net HUF 296 billion of loans from Hungarian banks in June, state news wire MTI reports...

Banking

Household Deposits, Withdrawals Level out After Feb Windfall

Households withdrew about as much as they deposited from their accounts at Hungarian banks in June, state news wire MTi...

Banking

MKB Bank Completes Takeover of Sberbank Hungary Loan Portfolio

MKB Bank on Monday said it has completed the takeover of the credit portfolio of failed Sberbank Magyarország, according to...

Banking

Erste Group earnings in Hungary fall as windfall profit tax weighs

Austria's Erste Group booked a first-half net income EUR 6.6 million at its business in Hungary, dropping 92% from the...

Banking

EIB funds to help rebuild Ukraine

The European Investment Bank has said it will provide funds to Ukraine to help it repair critical infrastructure damaged during...

Banking

EBRD to support Moroccan wind upgrade

The owner of one of Africa's oldest wind farms has secured financing to repower the facility to double its capacity...

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...