MNB

Raiffeisen profit in Hungary slips 22% in Q1

Raiffeisen Bank International (RBI) booked EUR 14 million in after-tax profit at its business in Hungary in the first quarter,...

MNB

Trade surplus slips EUR 264 mln in March

In euro terms, exports dropped by 3.8% and imports by 1.1% in March 2018 compared to the same month of...

MNB

Moodyʼs maintains positive outlook on Hungarian banks

A buoyant economy and improving loan performance drive Moodyʼs Investors Serviceʼs positive outlook on Hungarian banks for the second year...

MNB

Wabererʼs earnings report shows modest profit

Hungarian haulier Wabererʼs International registered revenue growth of 15% in Q1, but gross profit grew only 5% and EBITDA even...

MNB

MNB intʼl reserves rise EUR 109 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.168 billion at the end of April, up...

MNB

Erste Group net income in Hungary drops 33% in Q1

Net income of the Hungarian business of Austriaʼs Erste Group dropped 33% in the first quarter of 2018 compared to...

MNB

EC raises Hungary 2018 GDP growth forecast to 4%

The European Commission (EC) raised its projection for Hungaryʼs GDP growth this year to 4% in a fresh forecast on...

MNB

MNB deputy governor sets ambitious targets for lenders

An increase in incomes, expanding investments and lending growth are all necessary for Hungary to achieve sustainable convergence by 2030,...

MNB

Wabererʼs focuses on growth; dividends later

Hungarian haulage and logistics firm Wabererʼs International could pay dividends on its 2019 earnings at the earliest, CEO Ferenc Lajkó...

MNB

MNB: EU transfers mitigate drop in external financing capacity

A rise in EU transfers reduced the decline in Hungaryʼs external financing capacity last year, and, coupled with continued net...

MNB

MNB sees sustainable lending growth ahead

Credit lending has restarted in Hungary, with corporate lending growing by 5-10%, while retail lending shows a sustainable annual growth...

MNB

Trade surplus at EUR 838 mln in February

In euro terms, exports increased by 5.0% and imports by 4.5% in February 2018 compared to the same month of...

MNB

Hungaryʼs central bank international reserves growing

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 23.059 billion at the end of March, up EUR...

MNB

EXIM signs MoU with 13 lenders

Magyar Eximbank and its credit insurance arm, which operate under the moniker EXIM, signed a memorandum of understanding (MoU) with...

MNB

ESA deficit could fall to 1.6% of GDP by 2020, says MNB

In its latest quarterly Inflation Report, the National Bank of Hungary (MNB) is predicting that in the most favorable scenario,...

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

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...

MNB

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

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...

MNB

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...

MNB

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

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...

MNB

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...

MNB

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

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

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

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

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

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...