Banking

Banking

Erste Says Curia, EU Court Rulings Confirm Validity of Converted FX Loans

Erste Bank confirmed that its foreign currency loan contracts – since converted into forints – remain valid, citing the Curia's...

Banking

Gulyás: Gov’t to Extend Rate Freeze for Retail Borrowers

The government has decided to a extend a rate freeze on retail credit for another six months, Gergely Gulyás, the...

Banking

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

Banking

Banking Association Members Turn to Constitutional Court Over Rate Freeze

Several members of the Hungarian Banking Association have asked the Constitutional Court to declare the rate freeze on retail credit...

Banking

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

Banking

K&H Group Books First Quarter After-tax Profit of HUF 8 bln

K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of...

Banking

More Demján Sándor Program Lending Products Launched

The National Economy Ministry has announced the launch of two new lending products in the framework of the Demján Sándor...

Banking

Bill on Expanding ATM Access to Also Ensure Free-of-charge Withdrawal.

A bill to be put to a vote in parliament soon will not only ensure an ATM in every settlement,...

Banking

OTP Splits Chairman, CEO Roles

The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO, chairman-CEO...

Banking

Strategic Lending and a Strong Sectoral Focus Drive UniCredit Bank’s Corporate Strategy

UniCredit Bank’s deputy CEO Giacomo Volpi and head of the corporates division Albert Hulshof outline how shifting client needs, innovative...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

Banking

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

Banking

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Banking

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Banking

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

Banking

Erste Says Curia, EU Court Rulings Confirm Validity of Converted FX Loans

Erste Bank confirmed that its foreign currency loan contracts – since converted into forints – remain valid, citing the Curia's...

Banking

Gulyás: Gov’t to Extend Rate Freeze for Retail Borrowers

The government has decided to a extend a rate freeze on retail credit for another six months, Gergely Gulyás, the...

Banking

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

Banking

Banking Association Members Turn to Constitutional Court Over Rate Freeze

Several members of the Hungarian Banking Association have asked the Constitutional Court to declare the rate freeze on retail credit...

Banking

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

Banking

K&H Group Books First Quarter After-tax Profit of HUF 8 bln

K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of...

Banking

More Demján Sándor Program Lending Products Launched

The National Economy Ministry has announced the launch of two new lending products in the framework of the Demján Sándor...

Banking

Bill on Expanding ATM Access to Also Ensure Free-of-charge Withdrawal.

A bill to be put to a vote in parliament soon will not only ensure an ATM in every settlement,...

Banking

OTP Splits Chairman, CEO Roles

The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO, chairman-CEO...

Banking

Strategic Lending and a Strong Sectoral Focus Drive UniCredit Bank’s Corporate Strategy

UniCredit Bank’s deputy CEO Giacomo Volpi and head of the corporates division Albert Hulshof outline how shifting client needs, innovative...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

Banking

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

Banking

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Banking

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Banking

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

Erste Says Curia, EU Court Rulings Confirm Validity of Converted FX Loans

Erste Bank confirmed that its foreign currency loan contracts – since converted into forints – remain valid, citing the Curia's...

Gulyás: Gov’t to Extend Rate Freeze for Retail Borrowers

The government has decided to a extend a rate freeze on retail credit for another six months, Gergely Gulyás, the...

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

Banking Association Members Turn to Constitutional Court Over Rate Freeze

Several members of the Hungarian Banking Association have asked the Constitutional Court to declare the rate freeze on retail credit...

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

K&H Group Books First Quarter After-tax Profit of HUF 8 bln

K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of...

More Demján Sándor Program Lending Products Launched

The National Economy Ministry has announced the launch of two new lending products in the framework of the Demján Sándor...

Bill on Expanding ATM Access to Also Ensure Free-of-charge Withdrawal.

A bill to be put to a vote in parliament soon will not only ensure an ATM in every settlement,...

OTP Splits Chairman, CEO Roles

The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO, chairman-CEO...

Strategic Lending and a Strong Sectoral Focus Drive UniCredit Bank’s Corporate Strategy

UniCredit Bank’s deputy CEO Giacomo Volpi and head of the corporates division Albert Hulshof outline how shifting client needs, innovative...

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...