Banking

Banking

Households Borrow Net HUF 97 bln in June

Households took out net HUF 97 billion of loans in June, news agency MTI reports, citing monthly data released by...

Banking

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

Banking

OTP Completes Sale of Romanian Units

OTP Bank on Tuesday announced the completion of the sale of two of its Romanian units to Banca Transilvania....

Banking

Gránit Bank to Offer Cross-border Services in Romania

Hungary's Gránit Bank will offer cross-border digital banking services in Romania from Q3 2024, the lender said on Wednesday, according...

Banking

Housing Loan Market Booms in H1

Almost 10% more loans were taken out in the Hungarian housing loan market in the first half of this year...

Banking

MNB Issues Instructions to Prevent Online Personal Loan Fraud

The National Bank of Hungary (MNB) has issued an executive circular instructing banks on measures to prevent fraudsters from taking...

Banking

OTP Tops Ranking of Best-performing Banks in Europe

OTP Bank, Hungary's biggest commercial lender, heads a new ranking of Europe's best-performing banks published by S&P Global Market Intelligence,...

Banking

Banking Assoc Protests Defense Contribution

"Serial" burdens the government has placed on the banking sector "severely limit" lenders' role in boosting economic growth, the Hungarian...

Banking

Loans Encouraging Some to Renovate, Most Worried About Difficulties

The possibility of state-subsidized loans encourages 23% of Hungarians to embark on renovation works, but almost everyone (93%) is somewhat...

Banking

Households Borrow Net HUF 90 bln in May

Households took out net HUF 90 billion of loans in May, monthly data released by the National Bank of Hungary...

Banking

Companies Withdraw Net HUF 208 bln From Bank Accounts in May

Non-financial companies made HUF 208 bln of net withdrawals from the accounts at local banks in May, monthly data released...

Banking

OTP Foundation’s Educational Innovation Award Open Until July 15

The OTP Fáy Innovation Award for Education, with a total prize of HUF 20 million, will await applications until July...

Banking

Gov’t Extends Retail Rate Freeze Till Year-end

The government is extending a rate freeze on retail credit until the end of 2024, National Economy Minister Márton Nagy...

Banking

OTP Redeems EUR 400 mln of Green Securities

OTP Bank, Hungary's biggest commercial lender, on Wednesday said it is exercising its optional rights and redeeming green senior preferred...

Banking

Value of Bank Card Payments Climbs 8% in Q1

The value of payments in Hungary made with locally-issued bank cards climbed 8% year-on-year to HUF 3.719 tln in 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

“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...