Banking

Banking

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Banking

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

Banking

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

Banking

EBRD Approves EUR 8 mln Loan to Bosnia’s Sparkasse Bank

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse...

Banking

Higher Mandatory Reserve Ratio Soaks up Banking Sector Liquidity

Forint liquidity of the Hungarian banking sector narrowed in April as a higher mandatory reserve ratio came into effect, the...

Banking

OTP Calls Inclusion on ‘Sponsors of War’ List ‘Undeserved’

OTP Bank, Hungary's biggest commercial lender, said its inclusion on a list of "international sponsors of war" by Ukraine's National...

Banking

MBH to Set up Own Investment Bank

MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according...

Banking

OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary's biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from...

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

Banking

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Banking

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

Banking

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

Banking

EBRD Approves EUR 8 mln Loan to Bosnia’s Sparkasse Bank

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse...

Banking

Higher Mandatory Reserve Ratio Soaks up Banking Sector Liquidity

Forint liquidity of the Hungarian banking sector narrowed in April as a higher mandatory reserve ratio came into effect, the...

Banking

OTP Calls Inclusion on ‘Sponsors of War’ List ‘Undeserved’

OTP Bank, Hungary's biggest commercial lender, said its inclusion on a list of "international sponsors of war" by Ukraine's National...

Banking

MBH to Set up Own Investment Bank

MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according...

Banking

OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary's biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from...

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

EBRD Approves EUR 8 mln Loan to Bosnia’s Sparkasse Bank

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse...

Higher Mandatory Reserve Ratio Soaks up Banking Sector Liquidity

Forint liquidity of the Hungarian banking sector narrowed in April as a higher mandatory reserve ratio came into effect, the...

OTP Calls Inclusion on ‘Sponsors of War’ List ‘Undeserved’

OTP Bank, Hungary's biggest commercial lender, said its inclusion on a list of "international sponsors of war" by Ukraine's National...

MBH to Set up Own Investment Bank

MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according...

OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary's biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from...

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...