MNB

MNB

MNB intʼl reserves up EUR 1.13 bln in March

International reserves of the National Bank of Hungary (MNB) stood at EUR 27.475 billion at the end of February, up...

MNB

Hungarian investment fund to invest in CEE tech startups

A group of Hungarian entrepreneurs has launched Oktogon Ventures, a fund worth EUR 20 million that will invest in startups...

MNB

External balance improved in 2018, says MNB

External balance developments continued to improve in Hungary last year, the National Bank of Hungary (MNB) said in a quarterly...

MNB

One-off Move is no Sign of new Monetary Cycle

In a somewhat eyebrow raising action, the Hungarian central bank made its first tightening move in years, while emphasizing that...

MNB

EIB Financing for Hungary at Record EUR 891 mln in 2018

The European Investment Bank, the financing arm of the European Union owned by the member states, provided loans to Hungary...

MNB

MNB details HUF 300 bln corporate bond purchase program

The National Bank of Hungary (MNB) on Tuesday announced a HUF 300 billion corporate bond purchase program from July 1,...

MNB

MNB raises O/N deposit rate in first tightening in years

The Monetary Council of the National Bank of Hungary (MNB) decided at a monthly policy meeting Tuesday to raise the...

MNB

Graphisoft Park proposes HUF 126/share dividend

The eponymous listed company that owns and operates the Graphisoft Park business park in the north of Budapest will propose...

MNB

Hungary net external financing capacity at 1.9% of GDP in Q4

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was EUR 651 million, or 1.9% of quarterly GDP, in the...

MNB

Wabererʼs books loss in 2018; management address challenges

Wabererʼs International Nyrt. reported an after-tax loss of EUR 20.9 million in 2018, compared to after-tax profit of EUR 18.4...

MNB

Central bank revokes license of NHB Bank

Taking into consideration the interests of the bankʼs customers, the National Bank of Hungary (MNB) is revoking the license of...

MNB

Bank Sector Improves Despite Challenging Times

The Hungarian banking sector has been on an upward curve recently, with record profits. Banks expect lending activity to pick...

MNB

Trade surplus reaches EUR 382 mln in January

In euro terms, exports increased by 6.4% and imports grew by 9.7% in January 2019, compared to January 2018, shows...

MNB

Erste Bank Hungary pre-tax profit up slightly in 2018

Erste Bank Hungary had pre-tax profit of HUF 61.3 billion in 2018, up more than HUF 1 bln from the...

MNB

Corporate lending stock climbs almost 14% in 2018

Transactions lifted Hungarian lendersʼ stock of corporate loans by 13.6% or HUF 892 bln last year, shows the latest "Trends...

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...