Banking

Banking

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

Banking

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

Banking

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Banking

Number of Bank Branches Shrinking

The branch network of domestic credit institutions continues to shrink, writes business daily Világgazdaság....

Banking

Erste Bank Hungary Closes Acquisition of Commerzbank Unit

Austrian-owned Erste Bank Hungary closed the acquisition of a 100+ stake in Commerzbank's local corporate banking subsidiary Commerzbank Zrt, the...

Banking

Garantiqa Marks 30th Anniversary

Garantiqa Hitelgarancia, a guarantor controlled by the state of Hungary, has officially marked its 30th anniversary, according to portfolio.hu....

Banking

Lawmakers Approve No-fee Cashback Service

MPs on Wednesday voted to give banking clients the chance to avail of cashback service, free of charge, up to...

Banking

Magyar Bankholding Joins UN Environment Program Finance Initiative

Magyar Bankholding has joined the global cooperation established by the United Nations and was among the first Hungarian banks to...

Banking

Gov’t Extends Interest Rate Freeze to Student Loans

Hungary's government has decided to extend an interest rate freeze to free-purpose student loans, keeping the rate for the credit...

Banking

Banking Sector Earnings Fall 12% in Q1-Q3

Combined after-tax profit of Hungarian banks fell 12.4% year-on-year to HUF 562 billion in Q1-Q3 as write-downs and provisions weighed,...

Banking

Insurers’ Premiums Revenue Climbs 10% in Q1-Q3

Hungarian insurers' revenue from premiums rose 10.2% year-on-year to HUF 1.104 trillion in Q1-Q3, data released by the National Bank...

Banking

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Banking

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

Banking

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

Banking

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

Banking

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

Banking

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Banking

Number of Bank Branches Shrinking

The branch network of domestic credit institutions continues to shrink, writes business daily Világgazdaság....

Banking

Erste Bank Hungary Closes Acquisition of Commerzbank Unit

Austrian-owned Erste Bank Hungary closed the acquisition of a 100+ stake in Commerzbank's local corporate banking subsidiary Commerzbank Zrt, the...

Banking

Garantiqa Marks 30th Anniversary

Garantiqa Hitelgarancia, a guarantor controlled by the state of Hungary, has officially marked its 30th anniversary, according to portfolio.hu....

Banking

Lawmakers Approve No-fee Cashback Service

MPs on Wednesday voted to give banking clients the chance to avail of cashback service, free of charge, up to...

Banking

Magyar Bankholding Joins UN Environment Program Finance Initiative

Magyar Bankholding has joined the global cooperation established by the United Nations and was among the first Hungarian banks to...

Banking

Gov’t Extends Interest Rate Freeze to Student Loans

Hungary's government has decided to extend an interest rate freeze to free-purpose student loans, keeping the rate for the credit...

Banking

Banking Sector Earnings Fall 12% in Q1-Q3

Combined after-tax profit of Hungarian banks fell 12.4% year-on-year to HUF 562 billion in Q1-Q3 as write-downs and provisions weighed,...

Banking

Insurers’ Premiums Revenue Climbs 10% in Q1-Q3

Hungarian insurers' revenue from premiums rose 10.2% year-on-year to HUF 1.104 trillion in Q1-Q3, data released by the National Bank...

Banking

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Banking

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

Banking

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Number of Bank Branches Shrinking

The branch network of domestic credit institutions continues to shrink, writes business daily Világgazdaság....

Erste Bank Hungary Closes Acquisition of Commerzbank Unit

Austrian-owned Erste Bank Hungary closed the acquisition of a 100+ stake in Commerzbank's local corporate banking subsidiary Commerzbank Zrt, the...

Garantiqa Marks 30th Anniversary

Garantiqa Hitelgarancia, a guarantor controlled by the state of Hungary, has officially marked its 30th anniversary, according to portfolio.hu....

Lawmakers Approve No-fee Cashback Service

MPs on Wednesday voted to give banking clients the chance to avail of cashback service, free of charge, up to...

Magyar Bankholding Joins UN Environment Program Finance Initiative

Magyar Bankholding has joined the global cooperation established by the United Nations and was among the first Hungarian banks to...

Gov’t Extends Interest Rate Freeze to Student Loans

Hungary's government has decided to extend an interest rate freeze to free-purpose student loans, keeping the rate for the credit...

Banking Sector Earnings Fall 12% in Q1-Q3

Combined after-tax profit of Hungarian banks fell 12.4% year-on-year to HUF 562 billion in Q1-Q3 as write-downs and provisions weighed,...

Insurers’ Premiums Revenue Climbs 10% in Q1-Q3

Hungarian insurers' revenue from premiums rose 10.2% year-on-year to HUF 1.104 trillion in Q1-Q3, data released by the National Bank...

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...