MNB

MNB

K&H Bank Q3 profit reaches HUF 12.8 bln

K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC...

MNB

Report: Retail FX loan conversion reduces financial system vulnerability

The vulnerability of Hungaryʼs financial system has been "significantly reduced" in the recent period, thanks to the conversion of retail...

MNB

MNB: Corporate loan NPL ratio edges past 14% as portfolio shrinks

The ratio of non-performing loans in the corporate portfolio of Hungarian banksʼ edged up one-tenth of a percentage point to...

MNB

MNB international reserves to drop without increasing vulnerability

The National Bank of Hungary (MNB) estimates that its international reserves could drop by as much as €10 billion from...

MNB

Hungary net general government borrowing 0.6% of GDP to end of September

The net general government financing requirement, which is a good approximation of the general government deficit, was HUF 198 billion...

MNB

MNB introduces Systemic Risk Buffer

The National Bank of Hungary (MNB) said on Wednesday it is introducing a Systemic Risk Buffer (SRB) to manage risks generated by...

MNB

MNB: Hungaryʼs C/A surplus €859.1 mln in September

Hungaryʼs current-account surplus reached €859.1 million in September, according to a monthly balance of payment data published by the National...

MNB

Forint mixed on interbank market

The forint was trading at 311.45 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

Forint eases on interbank market

The forint was trading at 311.70 to the euro late Thursday on the interbank forex market, a hair up from...

MNB

Forint mixed on interbank market

The forint was trading at 312.38 to the euro late Tuesday on the interbank forex market, up from final quotes...

MNB

Lenders compensate FX borrowers HUF 393,000 on average

Hungarian FX borrowers were each awarded HUF 393,000 in compensation, on average, for unfair practices exercised by lenders during a...

MNB

ÁKK sells HUF 20 bln of two-month bills at ʼliquidityʼ auction as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount two-month T-bills at a liquidity auction on Monday,...

MNB

MNB international reserves fall €15 mln in October

The National Bank of Hungaryʼs (MNB) international reserves stood at €32.112 bln at the end of October, down €15 mln...

MNB

Erste Bank Hungary loss shrinks in Q1-Q3

Erste Bank Hungaryʼs net loss in Q1-Q3 2015 narrowed to €47.2 mnl from €370.7 mln in the same period a...

MNB

Forint falls with more easing around the corner

The forint was trading at 314.35 to the euro late Wednesday on the interbank forex market, down 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...