MNB

MNB

Immofinanz Hungary adds EUR 468.9 mln to group in Q1

The Hungarian properties of real estate firm Immofinanz, representing 11.8% of the company’s total portfolio (excluding Russia), had a carrying...

MNB

Third of non-financialsʼ loans exposed to interest rate risk, says MNB

About HUF 2 trillion or a third of all outstanding loans of Hungarian companies were floating-rate forint loans, directly exposed...

MNB

One-offs lift banking sector profits in 2016, says MNB

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs,...

MNB

MNB keeps base rate on hold at 0.9%, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

MNB

Erste boosts corporate loans, benefitting from end of FGS

Erste Bankʼs volume of new corporate loans grew HUF 30 billion or 50% year-on-year in the first four months of...

MNB

Wabererʼs plans IPO in July, says FT

Hungarian road haulage company Wabererʼs International is preparing for a listing on the Budapest Stock Exchange in July, international business...

MNB

Lenders can apply for MNB mortgage certification from June

Banks will be able to apply from June 1 to receive the "consumer-friendly home loan" certification the National Bank of...

MNB

Four-quarter net household savings ratio falls to further in Q1

Hungaryʼs rolling four-quarter net household savings ratio fell to 4.4% of GDP in Q1, preliminary data released by the National...

MNB

State debt stood at 74.6% of GDP at end of Q1

Hungary’s state debt, calculated according to Maastricht rules, stood at 74.6% of GDP at the end of March, up from...

MNB

Varga expects growth of over 4% throughout year

GDP growth was very favorable in the first quarter and could exceed 4% throughout the year, Minister for National Economy...

MNB

Masterplast breaks even in Q1

Hungarian building materials maker Masterplast broke even in the first quarter, just as it did in the base period, an...

MNB

MNB allots HUF 200 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 200 billion of forint swaps against euros at tenders on Monday, Hungarian...

MNB

Graphisoft Park Q1 profit climbs 50%

First-quarter after-tax profit of Graphisoft Park, a listed company that owns and operates a business park in the north of...

MNB

Hungaryʼs trade surplus slips slightly in March

Hungary’s trade surplus dropped by EUR 1.5 million to EUR 956 mln in March, according to a first release of...

MNB

MNB intʼl reserves edge down EUR 22 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.376 billion at the end of April, down...

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...