Banking

Banking

MNB caps client withdrawals at Sberbank Magyarország

The National Bank of Hungary (MNB) on Tuesday said it is limiting the amount of repayable funds by Sberbank Magyarorszag...

Banking

2-day bank holiday ordered for Sberbank Magyarország

The National Bank of Hungary (MNB) on Monday said it ordered a two-day bank holiday at Sberbank Magyarország after the...

Banking

60% of Hungarians use bank cards daily

Some 58% of Hungarian banking customers use their card daily for in-store payments, and 72% of those surveyed pay this...

Banking

Romania annual bank deposits growth in Jan

The deposits of the non-governmental sector in Romanian banks grew 13.5% on the year to RON 479 billion (EUR 97...

Banking

CIG Pannónia, Hungarian Bankholding sign 20-year strategic coop deal

CIG Pannónia Group has signed a 20-year strategic cooperation framework agreement with Hungarian Bankholding member banks, MKB Bank Nyrt., Takarékbank...

Banking

Magyar Bankholding picks Thought Machine as digital banking partner

Magyar Bankholding Group has chosen the London-based Thought Machine as its partner to launch its new digital banking world, becoming...

Banking

The Fragility of the European Banking System

It is often unappreciated that Europe escaped the 1929 depression that began in the United States until the 1931 collapse...

Banking

Hungary leasing market expands 14% in 2021

New lease contract value rose 14% to HUF 726 billion last year, the head of the Hungarian Leasing Association said...

Banking

Moldova hikes key rate to 10.5%

The National Bank of Moldova raised its benchmark interest rate by 200 basis points to 10.5% on Tuesday to curb...

Banking

K&H Bank earnings climb 78% in 2021

The after-tax profit of K&H Bank, a unit of Belgium's KBC, rose 78% to HUF 75 billion last year, CEO...

Banking

EBRD supports steel industry decarbonization in Slovenia

The European Bank for Reconstruction and Development is participating in Slovenian Steel Group's (SIJ Group) EUR 230 million long-term debt...

Banking

Serbian c. bank’s FX reserves fall in Jan

The foreign exchange (FX) reserves held by Serbia's central bank amounted to EUR 16.11 billion at the end of January,...

Banking

Close to HUF 98 bln of MFB recovery microloans approved

Close to HUF 98 billion of Hungarian Development Bank (MFB) interest-free microloans the government launched in the spring to aid...

Banking

Poland central bank raises rates again

Poland's central bank raised interest rates for a second time this year, citing the risk of high inflation that could...

Banking

Net asset value of investment funds rises to HUF 10.430 tln

Net asset value of Hungarian investment funds rose to HUF 10.430 trillion at the end of December, state news wire...

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...