Banking

Banking

Sberbank Loan Portfolio Acquisition Lifts Lending Stock in Aug

The acquisition of the credit portfolio of failed Sberbank Magyarország "fundamentally influenced" lending transactions in the month of August, the...

Banking

Czech C. Bank Keeps Rates on Hold

The Czech National Bank kept its key interest rates unchanged for the second straight meeting on Thursday, according to Tradingeconomics.com....

Banking

MKB Bank, Takarékbank Merger to be Dubbed MBH Bank

MKB Bank and Takarékbank will merge in May 2023 and take the name MBH Bank, Magyar Bankholding said this week....

Banking

Banking Sector in a Difficult Situation, Says Csányi

I feel that not everyone in a position managing the economy sees clearly that the banking sector is in a...

Banking

Banking Assoc Wants Floating Mortgage Rate Freeze Phased Out 

The Hungarian Banking Association argued for a gradual phaseout of a freeze on floating mortgage rates in a statement issued...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

Banking

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Banking

Sberbank Loan Portfolio Acquisition Lifts Lending Stock in Aug

The acquisition of the credit portfolio of failed Sberbank Magyarország "fundamentally influenced" lending transactions in the month of August, the...

Banking

Czech C. Bank Keeps Rates on Hold

The Czech National Bank kept its key interest rates unchanged for the second straight meeting on Thursday, according to Tradingeconomics.com....

Banking

MKB Bank, Takarékbank Merger to be Dubbed MBH Bank

MKB Bank and Takarékbank will merge in May 2023 and take the name MBH Bank, Magyar Bankholding said this week....

Banking

Banking Sector in a Difficult Situation, Says Csányi

I feel that not everyone in a position managing the economy sees clearly that the banking sector is in a...

Banking

Banking Assoc Wants Floating Mortgage Rate Freeze Phased Out 

The Hungarian Banking Association argued for a gradual phaseout of a freeze on floating mortgage rates in a statement issued...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

Banking

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Sberbank Loan Portfolio Acquisition Lifts Lending Stock in Aug

The acquisition of the credit portfolio of failed Sberbank Magyarország "fundamentally influenced" lending transactions in the month of August, the...

Czech C. Bank Keeps Rates on Hold

The Czech National Bank kept its key interest rates unchanged for the second straight meeting on Thursday, according to Tradingeconomics.com....

MKB Bank, Takarékbank Merger to be Dubbed MBH Bank

MKB Bank and Takarékbank will merge in May 2023 and take the name MBH Bank, Magyar Bankholding said this week....

Banking Sector in a Difficult Situation, Says Csányi

I feel that not everyone in a position managing the economy sees clearly that the banking sector is in a...

Banking Assoc Wants Floating Mortgage Rate Freeze Phased Out 

The Hungarian Banking Association argued for a gradual phaseout of a freeze on floating mortgage rates in a statement issued...

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...