MNB

MNB: Banks undertake to raise SME lending by HUF 195 bln

Banks are in the process of raising their lending stock to small and medium-sized companies (SMEs) by HUF 195 billion...

MNB

Takarékbank raises GDP growth forecast, cuts inflation projection

Hungaryʼs GDP growth could slow to 2.5% in 2016 but accelerate to 3.1% in 2017, Takarékbankʼs analysts said in their...

MNB

MNB to keep countercyclical capital buffer at zero to prop up lending

The National Bank of Hungary (MNB) will maintain the countercyclical capital buffer (CCB) rate at zero thereby supporting lending growth,...

MNB

Forecast: Hungary’s GDP growth to fall to 2.3%

Due to dropping investments, Hungary’s GDP growth could fall to 2.3% this year from last year’s 2.9%, research company Pénzügykutató...

MNB

MNB to charge same interest on banksʼ excess reserves as on O/N deposits

Banks will no longer be able to keep money in excess of their mandatory reserve obligation free of charge on...

MNB

Deputy Governor: MNB to cut rate to a sustainable level

The National Bank of Hungary (MNB) will cut its base rate until it reaches a rate that is consistent with...

MNB

MNB shifts top of interest rate corridor downward by 50 bps

The National Bank of Hungary today said its policy makers decided to shift the top of the overnight interest rate...

MNB

MNB: Half of non-performing mortgage loans could be restructured

Hungarian lenders could restructure the mortgage loans of half of the 130,000 Hungarians who have fallen three months or more...

MNB

MNB allots HUF 13.6 bln of IRS linked to lending at tender

The National Bank of Hungary (MNB) allotted HUF 13.6 bln of a new three-year interest rate swap instrument, to banks...

MNB

MNB inernational reserves rise €447 mln in February

The National Bank of Hungaryʼs (MNB) international reserves stood at €31.715 billion at the end of February, up €447 million...

MNB

MFB raises preferential credit cap for farmland purchases

The Hungarian Development Bank (MFB), acting on a government decision, will raise the cap of its preferential loan program for...

MNB

OTP Romania relieves clients of CHF 23 mln debt in conversion scheme

OTP Bank Romania has so far relieved 2,600 clients of a combined CHF 23 million in debt as part of...

MNB

MNB to give banks six-month extension to manage forint mortgages

Banks will have until April 1, 2017 to improve the requirement set by a June 2015 National Bank of Hungary...

MNB

MKB will establish mortgage bank

State-owned MKB Bank will establish its own mortgage bank together with Granit Bank as a minority owner, the application of...

MNB

K&H group has HUF 38.1 bln after-tax profit in 2015

Kereskedelmi és Hitelbank group (K&H), owned by KBC Bank of Belgium, had HUF 38.1 billion in after-tax profit in 2015,...

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...