Banking

Banking

K&H Bank Signs InvestEU Funding Agreement With EIF

Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the...

Banking

Faster CEE Growth Faces External Headwinds – UniCredit

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1%...

Banking

Cards Linked to Youth Accounts Spending More in Summer

In the summer months, the turnover of bank cards linked to youth accounts increases significantly, K&H said this week, according...

Banking

Bank Branch Salespeople in High Demand

Bank branch salespeople are in high demand, according to an analysis by the business daily Világgazdaság....

Banking

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Banking

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

Banking

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

Banking

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Banking

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Banking

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Banking

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Banking

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Banking

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

Banking

K&H Bank Signs InvestEU Funding Agreement With EIF

Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the...

Banking

Faster CEE Growth Faces External Headwinds – UniCredit

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1%...

Banking

Cards Linked to Youth Accounts Spending More in Summer

In the summer months, the turnover of bank cards linked to youth accounts increases significantly, K&H said this week, according...

Banking

Bank Branch Salespeople in High Demand

Bank branch salespeople are in high demand, according to an analysis by the business daily Világgazdaság....

Banking

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Banking

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

Banking

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

Banking

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Banking

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Banking

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Banking

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Banking

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Banking

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

K&H Bank Signs InvestEU Funding Agreement With EIF

Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the...

Faster CEE Growth Faces External Headwinds – UniCredit

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1%...

Cards Linked to Youth Accounts Spending More in Summer

In the summer months, the turnover of bank cards linked to youth accounts increases significantly, K&H said this week, according...

Bank Branch Salespeople in High Demand

Bank branch salespeople are in high demand, according to an analysis by the business daily Világgazdaság....

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...