Banking

Banking

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

Banking

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Banking

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Banking

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Banking

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Banking

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

Banking

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

Banking

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

Banking

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Banking

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

Banking

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Banking

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

Banking

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Banking

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Banking

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

Banking

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

Banking

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Banking

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Banking

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Banking

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Banking

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

Banking

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

Banking

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

Banking

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Banking

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

Banking

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Banking

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

Banking

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Banking

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Banking

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...