MNB

MNB

MNB posts HUF 95 bln profit in 2015

The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year,...

MNB

UniCredit Bankʼs corporate lending stock climbs 7% in 2015

UniCredit Bank, Hungaryʼs second-largest commercial bank, saw its corporate lending stock rise 7% last year, Chairman-CEO Mihály Patai said in...

MNB

MNB: Net general government borrowing in Hungary 1.8% of GDP in 2015

The net general government financing requirement, which is a good approximation of the general government deficit, was HUF 616 billion...

MNB

CIB Bank refinances HUF 10 bln in mortgage loans

CIB Bank refinanced about HUF 10 bln in mortgage loans last year, Hungarian news agency MTI reported today....

MNB

MNB: Demand, allotment of IRSs linked to lending drops at 2nd tender

The National Bank of Hungary (MNB) allotted HUF 109.65 bln of its recently introduced three-year interest rate swap (IRS) conditional...

MNB

Banking association head notes success of MNB’s monetary policy

Mihály Patai, the head of the Hungarian Banking Association, acknowledged the success of the National Bank of Hungary’s monetary policy...

MNB

EC puts Hungary 2016 GDP growth at 2.1%

The European Commission projected that Hungaryʼs economy will grow by 2.1% this year and 2.5% next year, as part of...

MNB

Hungarian banksʼ corporate loans drop in 2015

Banksʼ lending to Hungarian companies dropped last year, in contrast to 2014, when cheap credit available to small- and medium-size...

MNB

MNB Chief: Bankʼs SME lending could grow by 10% in a year

Hungarian bankʼs lending to small and medium-size enterprises (SMEs) could grow by 8-10% in a year, aided by the National...

MNB

MNB allots HUF 618 bln of new IRS linked to lending

The National Bank of Hungary (MNB) allotted HUF 618 billion of a new three-year interest rate swap (IRS) conditional on...

MNB

Forint weaker on interbank market

The forint was trading at 3123.47 to the euro late Wednesday on the interbank forex market, down from final quotes...

MNB

Report: Liquidator taking Saxo Bank to court to reclaim Buda-Cash client assets

Penzügyi Stabilitasi és Felszámoló (PSFN), a non-profit liquidator owned by the National Bank of Hungary, has launched a court proceeding...

MNB

EC: Fiscal stress in Hungary limited, but some risks in medium term

Hungary is not likely to experience significant fiscal stress in the short-term, but there could be medium risks in the...

MNB

Hungary’s central bank keeps base rate on hold

The National Bank of Hungaryʼs (MNB) Monetary Policy Council (MPC) today decided to keep the central bankʼs key rate on...

MNB

Forint firms on interbank market

The forint was trading at 311.85 to the euro late Friday on the interbank forex market, up from final quotes...

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...