MNB

MNB

HVB Bank takes over ING retail clients

HVB Bank Hungary Zrt announced on Friday it would take over 11,000 retail clients from ING Bank Rt, which is...

MNB

Erste Bank Investment Q1 profits rise 50% yr/yr

Erste Bank Investment Rt, the brokerage of Erste Bank Rt, had after-tax profit of Ft 827 million in the first...

MNB

Non-bank financial businesses’ profits increase 9.8% in Q1

Hungary's non-bank financial businesses, such as leasing and factoring companies, had combined after-tax profit of Ft 11.74 billion in the...

MNB

MNB reports negative balance for 2005

Governor Zsigmond Járai put forward the annual accounts of the National Bank of Hungary (MNB) at its AGM on Wednesday,...

MNB

Gov’t to list 20%-40% of motorway management company

The government decided at a cabinet meeting on Tuesday to list 20%-40% of the shares of state-owned National Motorway Management...

MNB

International reserves fall €1.081 bln in April

Hungary's international reserves decreased €1.081 billion in April, after a €1.11 billion increase in March, National Bank of Hungary (MNB)...

MNB

GKI predicts forint firming if reform promises kept

If the new government elected to office a week ago keeps its campaign promises and focuses on managing the budget...

MNB

Interbank forint-market turnover declines in March

Composite turnover on the interbank forint market was Ft 1,986.9 billion in March, a decrease of Ft 484.6 billion compared...

MNB

Cetelem profits slip in 2005

Magyar Cetelem Bank Rt, a leader on Hungary's consumer loan market, had after-tax profit of Ft 3.629 billion in 2005,...

MNB

FHB stock of mortgage bonds up Ft 28.6 bln in Q1

The Land Credit and Mortgage Bank (FHB) Rt's stock of outstanding mortgage bonds was Ft 432.43 billion at the end...

MNB

Growth of monetary base rises to 113.7% in March

The monetary base (M0) rose by an annualized month-on-month rate of 13.7% in March, 1 percentage point more than in...

MNB

Hungary reports to Brussels 6.1% budget deficit for 2005

Hungary will submit to Brussels on Friday a report on its economy in 2005, Finance Minister János Veres announced....

MNB

MKB to lend Ft 90 bln for Hungary’s roads

A group of banks led by MKB Bank Rt won a bid to lend the Hungarian state Ft 90 billion...

MNB

Mol sells treasury stocks to Magnolia

In line with earlier announcements, Hungarian oil and gas company Mol Rt sold 6.7 million treasury stocks to Channel Islands-based...

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...