Finance

Ratings

Fitch Revises Outlooks on Magyar Eximbank, MFB to Stable

Fitch Ratings affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and Hungarian Development Bank (MFB) and revised...

MNB

More Partners Join Central Bank CyberShield Initiative

State-owned lottery company Szerencsejáték and payment companies Visa and Mastercard have joined CyberShield, a project of the National Bank of...

Ratings

Fitch Revises Hungary’s Outlook to ‘Stable’, Affirms Debt Grade

Credit ratings agency Fitch revised its outlook on Hungary to "stable" from "negative" and affirmed the debt grade at "BBB,"...

Ratings

Moody’s Affirms OTP Rating, Changes Outlook to ‘Negative’

Moody's Ratings yesterday affirmed the "Baa3" senior unsecured debt rating of OTP Bank, Hungary's biggest commercial lender, but changed the...

Ratings

Moody’s Withdraws MOL Ratings for Business Reasons

Moody's Ratings has withdrawn the Baa3 long-term issuer rating of MOL Hungarian Oil and Gas Plc (MOL), as well as...

Banking

Retail Credit Rate Freeze Extension to Save Borrowers HUF 20 bln

A government decree extending a rate freeze on retail credit for another six months will save borrowers HUF 20 bln,...

MNB

Varga Accepts Nomination as MNB Governor

Minister of Finance Mihály Varga said that he will accept the nomination for the role of Governor of the National...

Trade

Hungary’s External Trade in Services Posts EUR 3.5 bln Surplus in Q3

Hungary recorded a EUR 3.5 billion surplus in external trade in services during the third quarter of 2024, according to...

MNB

MNB: Hungarian Banking System ‘Stable’, ‘Resilient’

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior...

Finance

Most Companies Able to Manage Higher Payroll Costs – Chamber Survey

Around 85% of businesses expect to be able to manage higher payroll costs resulting from wage increases, a representative survey...

Ratings

Fitch Rates Upcoming Magyar Eximbank Bond Issue ‘BBB’

Fitch Ratings has assigned a "BBB" long-term rating to senior unsecured notes to be issued by Magyar Eximbank....

Banking

OTP Bank Estimates HUF 53 bln Windfall Tax Burden for 2025

OTP Bank Nyrt. announced that its Hungarian group members could face a windfall profit tax burden of approximately HUF 53...

Banking

Gránit Bank Transitions to Public Company, Lists Shares on BSE

Gránit Bank has transitioned from a privately held company to a publicly traded company as of Nov. 25, 2024, and...

MNB

Policymakers Leave Base Rate Unchanged at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.5% during...

Banking

Banking Assoc ‘Partner’ in Effort to Support 1st-Time Homebuyers

The Hungarian Banking Association said it was a "partner" in efforts to help young Hungarians buy their first home in...

Ratings

Fitch Revises Outlooks on Magyar Eximbank, MFB to Stable

Fitch Ratings affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and Hungarian Development Bank (MFB) and revised...

MNB

More Partners Join Central Bank CyberShield Initiative

State-owned lottery company Szerencsejáték and payment companies Visa and Mastercard have joined CyberShield, a project of the National Bank of...

Ratings

Fitch Revises Hungary’s Outlook to ‘Stable’, Affirms Debt Grade

Credit ratings agency Fitch revised its outlook on Hungary to "stable" from "negative" and affirmed the debt grade at "BBB,"...

Ratings

Moody’s Affirms OTP Rating, Changes Outlook to ‘Negative’

Moody's Ratings yesterday affirmed the "Baa3" senior unsecured debt rating of OTP Bank, Hungary's biggest commercial lender, but changed the...

Ratings

Moody’s Withdraws MOL Ratings for Business Reasons

Moody's Ratings has withdrawn the Baa3 long-term issuer rating of MOL Hungarian Oil and Gas Plc (MOL), as well as...

Banking

Retail Credit Rate Freeze Extension to Save Borrowers HUF 20 bln

A government decree extending a rate freeze on retail credit for another six months will save borrowers HUF 20 bln,...

MNB

Varga Accepts Nomination as MNB Governor

Minister of Finance Mihály Varga said that he will accept the nomination for the role of Governor of the National...

Trade

Hungary’s External Trade in Services Posts EUR 3.5 bln Surplus in Q3

Hungary recorded a EUR 3.5 billion surplus in external trade in services during the third quarter of 2024, according to...

MNB

MNB: Hungarian Banking System ‘Stable’, ‘Resilient’

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior...

Finance

Most Companies Able to Manage Higher Payroll Costs – Chamber Survey

Around 85% of businesses expect to be able to manage higher payroll costs resulting from wage increases, a representative survey...

Ratings

Fitch Rates Upcoming Magyar Eximbank Bond Issue ‘BBB’

Fitch Ratings has assigned a "BBB" long-term rating to senior unsecured notes to be issued by Magyar Eximbank....

Banking

OTP Bank Estimates HUF 53 bln Windfall Tax Burden for 2025

OTP Bank Nyrt. announced that its Hungarian group members could face a windfall profit tax burden of approximately HUF 53...

Banking

Gránit Bank Transitions to Public Company, Lists Shares on BSE

Gránit Bank has transitioned from a privately held company to a publicly traded company as of Nov. 25, 2024, and...

MNB

Policymakers Leave Base Rate Unchanged at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.5% during...

Banking

Banking Assoc ‘Partner’ in Effort to Support 1st-Time Homebuyers

The Hungarian Banking Association said it was a "partner" in efforts to help young Hungarians buy their first home in...

Fitch Revises Outlooks on Magyar Eximbank, MFB to Stable

Fitch Ratings affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and Hungarian Development Bank (MFB) and revised...

More Partners Join Central Bank CyberShield Initiative

State-owned lottery company Szerencsejáték and payment companies Visa and Mastercard have joined CyberShield, a project of the National Bank of...

Fitch Revises Hungary’s Outlook to ‘Stable’, Affirms Debt Grade

Credit ratings agency Fitch revised its outlook on Hungary to "stable" from "negative" and affirmed the debt grade at "BBB,"...

Moody’s Affirms OTP Rating, Changes Outlook to ‘Negative’

Moody's Ratings yesterday affirmed the "Baa3" senior unsecured debt rating of OTP Bank, Hungary's biggest commercial lender, but changed the...

Moody’s Withdraws MOL Ratings for Business Reasons

Moody's Ratings has withdrawn the Baa3 long-term issuer rating of MOL Hungarian Oil and Gas Plc (MOL), as well as...

Retail Credit Rate Freeze Extension to Save Borrowers HUF 20 bln

A government decree extending a rate freeze on retail credit for another six months will save borrowers HUF 20 bln,...

Varga Accepts Nomination as MNB Governor

Minister of Finance Mihály Varga said that he will accept the nomination for the role of Governor of the National...

Hungary’s External Trade in Services Posts EUR 3.5 bln Surplus in Q3

Hungary recorded a EUR 3.5 billion surplus in external trade in services during the third quarter of 2024, according to...

MNB: Hungarian Banking System ‘Stable’, ‘Resilient’

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior...

Most Companies Able to Manage Higher Payroll Costs – Chamber Survey

Around 85% of businesses expect to be able to manage higher payroll costs resulting from wage increases, a representative survey...

Fitch Rates Upcoming Magyar Eximbank Bond Issue ‘BBB’

Fitch Ratings has assigned a "BBB" long-term rating to senior unsecured notes to be issued by Magyar Eximbank....

OTP Bank Estimates HUF 53 bln Windfall Tax Burden for 2025

OTP Bank Nyrt. announced that its Hungarian group members could face a windfall profit tax burden of approximately HUF 53...

Gránit Bank Transitions to Public Company, Lists Shares on BSE

Gránit Bank has transitioned from a privately held company to a publicly traded company as of Nov. 25, 2024, and...

Policymakers Leave Base Rate Unchanged at 6.5%

The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.5% during...

Banking Assoc ‘Partner’ in Effort to Support 1st-Time Homebuyers

The Hungarian Banking Association said it was a "partner" in efforts to help young Hungarians buy their first home in...