MNB

MNB

Hungary’s international reserves up €292 mln in November

Hungary's international reserves increased €292 million in November after a €146 million fall in October, preliminary figures released by the...

MNB

Household lending stock stops growing in October

Hungarian banks' retail lending stock stopped growing in October, the National Bank of Hungary (MNB) said on Wednesday....

MNB

CIB Group posts Ft 19.6 bln after-tax profit in Q1-Q3

The CIB Group recorded after-tax profit of Ft 19.6 billion (€75.83 million) during the first three quarters of 2006, an...

MNB

Seasonally adjusted ESA deficit drops to preliminary 7.7% of GDP in Q3

The seasonally adjusted net financing requirement of the Hungarian general government was 7.7% of the quarter's estimated GDP in the...

MNB

Romania’s BCR gets €50 mln loan for EU-related projects

Banca Comerciala Romana SA, Romania's biggest bank, is getting a €50 million ($65 million) loan from the European Investment Bank...

MNB

Barclays recommends Hungarian bonds on budget – extended

Hungarian bonds will probably extend gains, bolstered by investor confidence in the government's measures to cut the European Union's largest...

MNB

ELLA Bank sells Ft 2.2 bln of mortgage-backed bonds at auction

Hungarian home savings bank ELLA Zrt sold mortgage-backed bonds worth Ft 2.2 billion at an auction on Monday after receiving...

MNB

Forint rises to eight-month high on demand for Hungarian bonds

Hungary's forint advanced to its highest in more than eight months as investors bought forint- denominated debt, the highest-yielding in...

MNB

State to inject Ft 111.6 bln in MÁV

The state will raise capital in Hungarian railway company MÁV by Ft 111.6 bln, the Ministry of Economic Affairs and...

MNB

Forint set for weekly gain as foreigners buy Hungarian bonds

Hungary's forint is set for a weekly gain as investors buy the currency to purchase Hungarian government bonds, the highest...

MNB

HVBJ to start Ft 50 bln mortgage bond program

Mortgage bank HVB Jelzálogbank Zrt (HVBJ) will launch a Ft 50 billion mortgage bond program at the end of November,...

MNB

Hungary plans Ft 444 bln net debt issues

Hungary plans to sell government bonds and treasury bills worth Ft 444 billion in net terms in the December-February period....

MNB

Hungary’s GDP up preliminary 3.6% yr/yr in Q3

Hungary's economy expanded 3.6% year on year in volume terms in the 3Q of 2006, according to unadjusted figures, the...

MNB

Lending risks could increase in long term

Although the lending portfolios of Hungarian banks have maintained their level of quality in recent years, lending risks could increase...

MNB

Lombard Lízing gets €10 mln credit line from KfW

German state-owned development bank Kreditanstalt fur Wiederaufbau (KfW) is to provide a €10 million, EU-supported credit line to Hungarian leasing...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

Forint Volatility Warrants ‘Special Attention,’ MNB Policymakers Say

Members of the Monetary Council of the MNB acknowledged the disinflationary effects of the stronger forint but said exchange rate...

MNB Cuts Base Rate to 5.5%, September Inflation Report to Guide Next Steps

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

Meeting Maastricht Criteria Would Benefit Entire Hungarian Economy, MNB Dep Gov Says

Meeting the Maastricht criteria for adopting the euro would benefit the entire Hungarian economy, Péter Benő Banai, a deputy governor...

National Bank of Hungary Cuts Base Rate to 5.75%

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

MNB Monetary Council Cuts Base Rate to 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB Warns of Rising Housing Market Risks as Banks Remain Stable

The National Bank of Hungary (MNB) said the local banking system remains stable but underscored increasing risks in the home...

MNB International Reserves Rise EUR 1.898 bln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 60.630 billion at the end of April, up...

MNB May Reduce 82% Ownership Stake in BÉT

Talks are underway between the Budapest Stock Exchange (BÉT) and the National Bank of Hungary (MNB) on reducing the central...

MNB Governor Warns Inflation Could Exceed 5% This Year

MNB Governor Mihály Varga said in an interview with economic weekly HVG that the new gov't must present a credible...

National Bank Policymakers Leave Base Rate on Hold at 6.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...