Banking

Banking

Takarékbank fined for violations

The National Bank of Hungary (MNB) on Tuesday said it fined Takarékbank HUF 23 million for violating central bank and...

Banking

Household deposits up to HUF 807 bln in February

Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax...

Banking

Budapest Bank, MKB Bank merger complete

The legal merger of the two-member banks of Hungarian Bankholding: Budapest Bank and MKB Bank, was completed at midnight on...

Banking

EBRD approves EUR 20 mln loan to Kosovo’s Procredit Bank to back SMEs

The European Bank for Reconstruction and Development (EBRD) said it approved a EUR 20 million loan to ProCredit Bank Kosovo...

Banking

Budapest Bank earnings over HUF 6 bln in 2021

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a...

Banking

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

Banking

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

Banking

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Banking

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

Banking

Banking sector forint liquidity grows in February

Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central...

Banking

Banking on best practices to improve customer service, satisfaction

Giacomo Volpi has been deputy CEO at UniCredit Bank Hungary since June 2021. In this exclusive interview, he speaks with...

Banking

Banks’ retail loan portfolio expanded 15.2%

Hungarian banks' retail loan portfolio expanded 15.2%, or HUF 1.231 trillion, last year, supported by outlays of credit for homes...

Banking

Takarékbank fined for violations

The National Bank of Hungary (MNB) on Tuesday said it fined Takarékbank HUF 23 million for violating central bank and...

Banking

Household deposits up to HUF 807 bln in February

Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax...

Banking

Budapest Bank, MKB Bank merger complete

The legal merger of the two-member banks of Hungarian Bankholding: Budapest Bank and MKB Bank, was completed at midnight on...

Banking

EBRD approves EUR 20 mln loan to Kosovo’s Procredit Bank to back SMEs

The European Bank for Reconstruction and Development (EBRD) said it approved a EUR 20 million loan to ProCredit Bank Kosovo...

Banking

Budapest Bank earnings over HUF 6 bln in 2021

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a...

Banking

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

Banking

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

Banking

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Banking

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

Banking

Banking sector forint liquidity grows in February

Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central...

Banking

Banking on best practices to improve customer service, satisfaction

Giacomo Volpi has been deputy CEO at UniCredit Bank Hungary since June 2021. In this exclusive interview, he speaks with...

Banking

Banks’ retail loan portfolio expanded 15.2%

Hungarian banks' retail loan portfolio expanded 15.2%, or HUF 1.231 trillion, last year, supported by outlays of credit for homes...

Takarékbank fined for violations

The National Bank of Hungary (MNB) on Tuesday said it fined Takarékbank HUF 23 million for violating central bank and...

Household deposits up to HUF 807 bln in February

Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax...

Budapest Bank, MKB Bank merger complete

The legal merger of the two-member banks of Hungarian Bankholding: Budapest Bank and MKB Bank, was completed at midnight on...

EBRD approves EUR 20 mln loan to Kosovo’s Procredit Bank to back SMEs

The European Bank for Reconstruction and Development (EBRD) said it approved a EUR 20 million loan to ProCredit Bank Kosovo...

Budapest Bank earnings over HUF 6 bln in 2021

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a...

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

Banking sector forint liquidity grows in February

Forint liquidity of Hungary's banking sector rose in February, reflected by an increase in lenders' one-week deposits with the central...

Banking on best practices to improve customer service, satisfaction

Giacomo Volpi has been deputy CEO at UniCredit Bank Hungary since June 2021. In this exclusive interview, he speaks with...

Banks’ retail loan portfolio expanded 15.2%

Hungarian banks' retail loan portfolio expanded 15.2%, or HUF 1.231 trillion, last year, supported by outlays of credit for homes...