MNB

MNB

Healthy trade surplus in May

The surplus in Hungaryʼs external trade in goods amounted to EUR 678 million in May, growing by EUR 185 mln...

MNB

OTP completes SocGen Montenegro acquisition

Hungarian lender OTP Bank has officially acquired the Montenegrin unit of Société Générale (SocGen), business site tozsdeforum.hu reported. Crnogorska komercijalna...

MNB

OTP disburses first loans for families expecting babies

OTP Bank says it has disbursed its first “baby-expecting support” (babaváró támogatás) in Veszprém and Zala counties. In both cases,...

MNB

Hungarian net wages fall back, among lowest in EU

In terms of average net wages, Hungary has fallen back in European comparison, news site hvg.hu reported, citing data compiled...

MNB

MNB Stays Dovish, but not Everyone is Convinced

The monetary council of the National Bank of Hungary (MNB) left the base rate unchanged at 0.9% at its monthly...

MNB

Wingholding launches EUR 100 mln corporate bond program

Hungarian property developer Wingholding on Tuesday announced the launch of a EUR 100 million corporate bond program for 2019-2020. It...

MNB

Venture cap funds invested EUR 346 mln in 2018

Hungarian venture capital funds invested a combined EUR 346 million in 2018 via a total of 191 transactions, show figures...

MNB

MNB Aims to Boost Options Thru Corporate Bonds

The National Bank of Hungary (MNB) is launching a new bond program next month with the aim of boosting and...

MNB

Hungary net external financing capacity at 2.8% of GDP in Q1

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts -...

MNB

MNB in extraordinary FX swap tender to ease liquidity shortage

The National Bank of Hungary (MNB) provided EUR 463 million worth of forint liquidity to banks via an extraordinary one-week...

MNB

OTP one of two bidders for Sloveniaʼs Abanka

Slovenia has received bids for its third largest bank, the state-owned Abanka, from U.S. investment fund Apollo and leading Hungarian...

MNB

Trade surplus EUR 228 mln in April

Hungary had a EUR 228 million trade surplus in April, the Central Statistical Office (KSH) said in a first reading...

MNB

MNB intʼl reserves fall EUR 240 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 26.704 billion at the end of May, down...

MNB

Wizz Air profit climbs 6% to EUR 291.6 mln in FY 2019

Hungarian low-fare airline Wizz Airʼs after-tax profit rose 6.0% to EUR 291.6 million in its business year ended March 31,...

MNB

Hungary March trade surplus revised down to EUR 644 mln

Hungary had a EUR 644 million trade surplus in March, the Central Statistical Office (KSH) said in a second reading...

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...