Banking

Banking

Erste Says Curia, EU Court Rulings Confirm Validity of Converted FX Loans

Erste Bank confirmed that its foreign currency loan contracts – since converted into forints – remain valid, citing the Curia's...

Banking

Gulyás: Gov’t to Extend Rate Freeze for Retail Borrowers

The government has decided to a extend a rate freeze on retail credit for another six months, Gergely Gulyás, the...

Banking

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

Banking

Banking Association Members Turn to Constitutional Court Over Rate Freeze

Several members of the Hungarian Banking Association have asked the Constitutional Court to declare the rate freeze on retail credit...

Banking

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

Banking

K&H Group Books First Quarter After-tax Profit of HUF 8 bln

K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of...

Banking

More Demján Sándor Program Lending Products Launched

The National Economy Ministry has announced the launch of two new lending products in the framework of the Demján Sándor...

Banking

Bill on Expanding ATM Access to Also Ensure Free-of-charge Withdrawal.

A bill to be put to a vote in parliament soon will not only ensure an ATM in every settlement,...

Banking

OTP Splits Chairman, CEO Roles

The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO, chairman-CEO...

Banking

Strategic Lending and a Strong Sectoral Focus Drive UniCredit Bank’s Corporate Strategy

UniCredit Bank’s deputy CEO Giacomo Volpi and head of the corporates division Albert Hulshof outline how shifting client needs, innovative...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

Banking

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

Banking

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Banking

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Banking

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

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...

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...

Banks Draft Proposals for Retail Borrowers Rate Freeze

The Hungarian Banking Association is drafting proposals in the framework of a social consultation on changes to a rate freeze...