Finance

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

MNB

MNB, Business Chamber Sign Cooperation Agreement

The Central Bank (MNB) and the Hungarian Chamber of Commerce and Industry (MKIK) signed a cooperation agreement on knowledge-sharing and...

Ratings

S&P Upgrades OTP Bank to ‘BBB/A-2’; Outlook Negative

S&P Global Ratings on Monday raised its long- and short-term issuer credit ratings on OTP Bank and OTP Mortgage Bank...

Ratings

Nat’l Economy Ministry: Hungary Maintains Investment-grade Rating

S&P Global Ratings has affirmed its sovereign credit ratings on Hungary, putting the country in the investment-grade category along with...

Banking

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

MNB

Central Bank Gov, Lenders Agree on Retail Banking Fee Cuts

MNB and the Hungarian Banking Association have reached an agreement that will make banking costs simpler, more transparent and cheaper,...

Debt

Debt Management Agency Fulfills 38% of 2025 Financing Plan in Q1

Hungary's Government Debt Management Agency (ÁKK) has fulfilled approximately 38% of the planned gross issuance for 2025 in the first...

Banking

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Banking

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Banking

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

MNB

National Bank Policymakers Leave Base Rate on Hold at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...

Banking

Stability and Profitability Still Hallmarks of CEE Banking Market in 2024

Despite the challenges of recent years, such as geopolitical tensions and changes in the macroeconomic environment, banks have continued to...

Banking

Minister, Banking Leaders Discuss Expanding ATM Network

Top officials of the Hungarian Banking Association have met with National Economy Minister Márton Nagy to discuss expanding the nationwide...

MNB

Varga Sworn in as MNB Governor by Sulyok

Mihaly Varga was appointed to a six-year term as Governor of the National Bank of Hungary (MNB) by Hungary’s President...

MNB

New National Bank of Hungary Governor Signs First Banknote

Mihály Varga, the recently appointed governor of the National Bank of Hungary (MNB), put his signature on a banknote issued...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

MNB

MNB, Business Chamber Sign Cooperation Agreement

The Central Bank (MNB) and the Hungarian Chamber of Commerce and Industry (MKIK) signed a cooperation agreement on knowledge-sharing and...

Ratings

S&P Upgrades OTP Bank to ‘BBB/A-2’; Outlook Negative

S&P Global Ratings on Monday raised its long- and short-term issuer credit ratings on OTP Bank and OTP Mortgage Bank...

Ratings

Nat’l Economy Ministry: Hungary Maintains Investment-grade Rating

S&P Global Ratings has affirmed its sovereign credit ratings on Hungary, putting the country in the investment-grade category along with...

Banking

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

MNB

Central Bank Gov, Lenders Agree on Retail Banking Fee Cuts

MNB and the Hungarian Banking Association have reached an agreement that will make banking costs simpler, more transparent and cheaper,...

Debt

Debt Management Agency Fulfills 38% of 2025 Financing Plan in Q1

Hungary's Government Debt Management Agency (ÁKK) has fulfilled approximately 38% of the planned gross issuance for 2025 in the first...

Banking

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Banking

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Banking

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

MNB

National Bank Policymakers Leave Base Rate on Hold at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...

Banking

Stability and Profitability Still Hallmarks of CEE Banking Market in 2024

Despite the challenges of recent years, such as geopolitical tensions and changes in the macroeconomic environment, banks have continued to...

Banking

Minister, Banking Leaders Discuss Expanding ATM Network

Top officials of the Hungarian Banking Association have met with National Economy Minister Márton Nagy to discuss expanding the nationwide...

MNB

Varga Sworn in as MNB Governor by Sulyok

Mihaly Varga was appointed to a six-year term as Governor of the National Bank of Hungary (MNB) by Hungary’s President...

MNB

New National Bank of Hungary Governor Signs First Banknote

Mihály Varga, the recently appointed governor of the National Bank of Hungary (MNB), put his signature on a banknote issued...

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

MNB, Business Chamber Sign Cooperation Agreement

The Central Bank (MNB) and the Hungarian Chamber of Commerce and Industry (MKIK) signed a cooperation agreement on knowledge-sharing and...

S&P Upgrades OTP Bank to ‘BBB/A-2’; Outlook Negative

S&P Global Ratings on Monday raised its long- and short-term issuer credit ratings on OTP Bank and OTP Mortgage Bank...

Nat’l Economy Ministry: Hungary Maintains Investment-grade Rating

S&P Global Ratings has affirmed its sovereign credit ratings on Hungary, putting the country in the investment-grade category along with...

Banking Association: Lenders Play Part in Bringing Down Inflation

Hungary's banking sector is committed to the sustainable financing of the national economy and will play a part in bringing...

Central Bank Gov, Lenders Agree on Retail Banking Fee Cuts

MNB and the Hungarian Banking Association have reached an agreement that will make banking costs simpler, more transparent and cheaper,...

Debt Management Agency Fulfills 38% of 2025 Financing Plan in Q1

Hungary's Government Debt Management Agency (ÁKK) has fulfilled approximately 38% of the planned gross issuance for 2025 in the first...

Raiffeisen Bank Zrt. Earnings Climb With Both Client Loans and Deposits Rising

Consolidated after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 12% to HUF 116 billion in 2024, an earnings report posted...

Around 17,000 Apply for Subsidized Blue Collar Workers Credit

Approximately 17,000 young Hungarian blue-collar workers have applied for subsidised credit in a scheme launched at the start of the...

Central Bank Raises Hungarian Inflation Forecast for 2025

The National Bank of Hungary (MNB) raised its inflation forecast in a quarterly report published in full on Thursday, March...

National Bank Policymakers Leave Base Rate on Hold at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...

Stability and Profitability Still Hallmarks of CEE Banking Market in 2024

Despite the challenges of recent years, such as geopolitical tensions and changes in the macroeconomic environment, banks have continued to...

Minister, Banking Leaders Discuss Expanding ATM Network

Top officials of the Hungarian Banking Association have met with National Economy Minister Márton Nagy to discuss expanding the nationwide...

Varga Sworn in as MNB Governor by Sulyok

Mihaly Varga was appointed to a six-year term as Governor of the National Bank of Hungary (MNB) by Hungary’s President...

New National Bank of Hungary Governor Signs First Banknote

Mihály Varga, the recently appointed governor of the National Bank of Hungary (MNB), put his signature on a banknote issued...