Banking

Banking

Takarékbank fined for violations

The National Bank of Hungary (MNB) on Tuesday said it fined Takarékbank HUF 23 million for violating central bank and...

Banking

Household deposits up to HUF 807 bln in February

Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax...

Banking

Budapest Bank, MKB Bank merger complete

The legal merger of the two-member banks of Hungarian Bankholding: Budapest Bank and MKB Bank, was completed at midnight on...

Banking

EBRD approves EUR 20 mln loan to Kosovo’s Procredit Bank to back SMEs

The European Bank for Reconstruction and Development (EBRD) said it approved a EUR 20 million loan to ProCredit Bank Kosovo...

Banking

Budapest Bank earnings over HUF 6 bln in 2021

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a...

Banking

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

Banking

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

Banking

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Banking

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

Banking

Banking sector forint liquidity grows in February

Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central...

Banking

Banking on best practices to improve customer service, satisfaction

Giacomo Volpi has been deputy CEO at UniCredit Bank Hungary since June 2021. In this exclusive interview, he speaks with...

Banking

Banks’ retail loan portfolio expanded 15.2%

Hungarian banks' retail loan portfolio expanded 15.2%, or HUF 1.231 trillion, last year, supported by outlays of credit for homes...

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...