Banking

Romanian central bank FX reserves fall in September

The foreign exchange (FX) reserves held by Romaniaʼs central bank, excluding gold, totaled EUR 32.588 billion at the end of...

Banking

Citi Foundation donates HUF 38,6 mln to Hungarian Red Cross

Citi Foundation announced that it is making a donation worth HUF 38,6 million to the Hungarian Red Cross to support...

Banking

Bulgaria’s non-govt deposits, non-govt borrowing up

Deposits of Bulgaria’s non-government sector rose by an annual 8.9% to BGN 88.8 billion (EUR 45.4 bln) at the end...

Banking

Tax wedge down to 43%

Hungaryʼs tax wedge, the difference between what employees take home in earnings and what it costs to employ them, reached...

Banking

EIF, Raiffeisenbank to support coronavirus-hit SMEs in Bulgaria

Raiffeisenbank Bulgaria signed a new guarantee deal with the European Investment Fund (EIF) for an additional EUR 130 million in...

Banking

Hungaryʼs VAT gap falls to 6.6%, below Austria, Denmark

Hungaryʼs VAT gap, the difference between expected VAT revenue and that actually collected, fell to 6.6% last year from 21%...

Banking

Pandemic provisions bite into K&H earnings

K&H Bank, the Hungarian unit of Belgiumʼs KBC, made HUF 22.6 billion in provisions in the first half, reducing after-tax...

Banking

Hungarians setting longer-term goals

The coronavirus epidemic has enhanced the role of saving, setting medium- and long-term financial goals, and creating lasting financial security,...

Banking

Czech govʼt to lower income tax for low and medium income groups

The Czech government has approved a proposal for the abolition of the so-called "super gross" wage which would significantly lower...

Banking

Half of corporate tax returns received

Almost half of corporate tax returns have already been received by the tax office, although more than 150,000 companies still...

Banking

MKB books Q2 loss of HUF 3.8 bln

MKB Bank had a second-quarter loss of HUF 3.8 billion, state news wire MTI says, citing an earnings report released...

Banking

Croatian companies borrowed record HRK 10 bln in April

In April, companies in Croatia borrowed HRK 10 billion (EUR 1.328 billion) to finance overheads or rollover loans, which was...

Banking

Romaniaʼs annual bank deposits growth speeds up

The deposits of the non-governmental sector in Romanian banks grew 13.6% on the year to RON 383.6 billion (EUR 79...

Banking

Govʼt Securities Plus bond subscriptions rises to HUF 4.675 tln

Subscription of the Hungarian Government Securities Plus bond (MAP+) for retail investors has reached HUF 4.6749 trillion, according to weekly...

Banking

Savings Mortgage Bank reports 1.128 tln profit in first half

Savings Mortgage Bank announced the companyʼs individual after-tax profit increased by 3.4% to HUF 1.128 trillion in the first half...

Banking

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...

Banking

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...

Banking

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...

Banking

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....

Banking

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...

Banking

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...

Banking

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...

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

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...

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...

Banking

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...