Finance

MNB

One-offs lift banking sector profits in 2016, says MNB

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs,...

Debt

ÁKK buys back HUF 19.13 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 19.13 billion of bonds expiring in 2018 before maturity...

MNB

MNB keeps base rate on hold at 0.9%, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Ratings

Takarékbank, savings coops to make buyout offer for FHB

Takarékbank and 21 other members of savings cooperative integrator SZHISZ have agreed to make a buyout offer for the outstanding...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

Banking

Taxation of the Automotive Industry: Problems Along the Chain

The automotive industry plays a significant role in the Hungarian economy; it already contributes more than 10% of GDP and...

MNB

Erste boosts corporate loans, benefitting from end of FGS

Erste Bankʼs volume of new corporate loans grew HUF 30 billion or 50% year-on-year in the first four months of...

MNB

Wabererʼs plans IPO in July, says FT

Hungarian road haulage company Wabererʼs International is preparing for a listing on the Budapest Stock Exchange in July, international business...

MNB

Lenders can apply for MNB mortgage certification from June

Banks will be able to apply from June 1 to receive the "consumer-friendly home loan" certification the National Bank of...

MNB

Four-quarter net household savings ratio falls to further in Q1

Hungaryʼs rolling four-quarter net household savings ratio fell to 4.4% of GDP in Q1, preliminary data released by the National...

Debt

ÁKK sells HUF 25 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, sticking to its...

Debt

ÁKK sells HUF 37 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of bonds maturing in 2025 and 2026 for...

MNB

State debt stood at 74.6% of GDP at end of Q1

Hungary’s state debt, calculated according to Maastricht rules, stood at 74.6% of GDP at the end of March, up from...

Banking

Parliament approves ad tax hike

An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield drops

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

One-offs lift banking sector profits in 2016, says MNB

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs,...

Debt

ÁKK buys back HUF 19.13 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 19.13 billion of bonds expiring in 2018 before maturity...

MNB

MNB keeps base rate on hold at 0.9%, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Ratings

Takarékbank, savings coops to make buyout offer for FHB

Takarékbank and 21 other members of savings cooperative integrator SZHISZ have agreed to make a buyout offer for the outstanding...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

Banking

Taxation of the Automotive Industry: Problems Along the Chain

The automotive industry plays a significant role in the Hungarian economy; it already contributes more than 10% of GDP and...

MNB

Erste boosts corporate loans, benefitting from end of FGS

Erste Bankʼs volume of new corporate loans grew HUF 30 billion or 50% year-on-year in the first four months of...

MNB

Wabererʼs plans IPO in July, says FT

Hungarian road haulage company Wabererʼs International is preparing for a listing on the Budapest Stock Exchange in July, international business...

MNB

Lenders can apply for MNB mortgage certification from June

Banks will be able to apply from June 1 to receive the "consumer-friendly home loan" certification the National Bank of...

MNB

Four-quarter net household savings ratio falls to further in Q1

Hungaryʼs rolling four-quarter net household savings ratio fell to 4.4% of GDP in Q1, preliminary data released by the National...

Debt

ÁKK sells HUF 25 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, sticking to its...

Debt

ÁKK sells HUF 37 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of bonds maturing in 2025 and 2026 for...

MNB

State debt stood at 74.6% of GDP at end of Q1

Hungary’s state debt, calculated according to Maastricht rules, stood at 74.6% of GDP at the end of March, up from...

Banking

Parliament approves ad tax hike

An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put...

Debt

ÁKK sells HUF 20 bln of 3-month bills, yield drops

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

One-offs lift banking sector profits in 2016, says MNB

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs,...

ÁKK buys back HUF 19.13 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 19.13 billion of bonds expiring in 2018 before maturity...

MNB keeps base rate on hold at 0.9%, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Takarékbank, savings coops to make buyout offer for FHB

Takarékbank and 21 other members of savings cooperative integrator SZHISZ have agreed to make a buyout offer for the outstanding...

ÁKK sells HUF 20 bln of 3-month bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

Taxation of the Automotive Industry: Problems Along the Chain

The automotive industry plays a significant role in the Hungarian economy; it already contributes more than 10% of GDP and...

Erste boosts corporate loans, benefitting from end of FGS

Erste Bankʼs volume of new corporate loans grew HUF 30 billion or 50% year-on-year in the first four months of...

Wabererʼs plans IPO in July, says FT

Hungarian road haulage company Wabererʼs International is preparing for a listing on the Budapest Stock Exchange in July, international business...

Lenders can apply for MNB mortgage certification from June

Banks will be able to apply from June 1 to receive the "consumer-friendly home loan" certification the National Bank of...

Four-quarter net household savings ratio falls to further in Q1

Hungaryʼs rolling four-quarter net household savings ratio fell to 4.4% of GDP in Q1, preliminary data released by the National...

ÁKK sells HUF 25 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, sticking to its...

ÁKK sells HUF 37 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of bonds maturing in 2025 and 2026 for...

State debt stood at 74.6% of GDP at end of Q1

Hungary’s state debt, calculated according to Maastricht rules, stood at 74.6% of GDP at the end of March, up from...

Parliament approves ad tax hike

An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put...

ÁKK sells HUF 20 bln of 3-month bills, yield drops

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...