MNB

MNB

Finance Ministry forecasts Ft 142.7 bln fiscal deficit for September

The Finance Ministry projects Hungary's general government to post a cash flow-based general government deficit, excluding local councils, of Ft...

MNB

OJB to launch Ft 300 bln mortgage bond program

OTP Mortgage Bank Zrt (OJB) announced on Tuesday it will launch a Ft 300 billion mortgage-backed bond program....

MNB

K&H Bank H1 profits fall on rise in risk reserves

K&H Bank Nyrt had IFRS after-tax profit of Ft 7.1 billion in the first half of 2006, 13% less than...

MNB

Hungary’s international reserves drop €71 mln in August

Hungary's international reserves decreased €71 million in August, after an €328 million fall in July, preliminary figures released by the...

MNB

Erste Hungary signs €20 mln credit agreement with KfW

Erste Bank Hungary Zrt signed on Thursday a framework contract with Kreditanstalt fur Wiederaufbau (KfW) to provide €20 million in...

MNB

ELLA Bank receives new subordinated loan from majority owner

ELLA First Home Loan Bank Zrt announced on Thursday it received €1 million ten-year subordinated loan capital from its majority...

MNB

Retail loan rates rise, new loan contracts drop in July

Except for overdrafts, rates for forint retail loans rose in July, after a steady decline since February-March, according to the...

MNB

Erste Bank Hungary to get Ft 14 bln capital raise

Austria's Erste Bank AG plans a Ft 14 billion capital raise at its unit in Hungary, an invitation published on...

MNB

Banking sector forex loans grow 9.2% in June

The stock of foreign currency-denominated loans of Hungary's banking sector rose 9.2% to Ft 7,327.5 billion in June, according to...

MNB

Veres puts euro adoption date in 2011 at earliest

Based on figures from the government's draft convergence program announced by Prime Minister Ferenc Gyurcsány on Tuesday, Hungary can introduce...

MNB

Crompton Greaves signs Transelektro deal

India's Crompton Greaves on Saturday signed a contract to purchase stakes in Ganz Transelektro Villamossági Rt (GTV), which exercises ownership...

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...