Finance

Banking

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

Banking

OTP Completes Sale of Romanian Units

OTP Bank on Tuesday announced the completion of the sale of two of its Romanian units to Banca Transilvania....

Ratings

Moody’s Affirms K&H Bank’s A3 Deposit Ratings, Stable Outlook

Moody's Ratings has confirmed the A3/P-2 long- and short-term deposit ratings of Kereskedelmi & Hitel Bank Rt. (K&H), maintaining a...

Banking

Gránit Bank to Offer Cross-border Services in Romania

Hungary's Gránit Bank will offer cross-border digital banking services in Romania from Q3 2024, the lender said on Wednesday, according...

MNB

Policymakers Cut Central Bank Base Rate by 25 bp to 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

Ratings

Moody’s Assigns A1 Ratings to MBH Mortgage Bank Covered Bonds

Moody's Ratings on Monday assigned A1 long-term ratings to covered bonds issued by MBH Mortgage Bank, according to a report...

Banking

Housing Loan Market Booms in H1

Almost 10% more loans were taken out in the Hungarian housing loan market in the first half of this year...

Banking

MNB Issues Instructions to Prevent Online Personal Loan Fraud

The National Bank of Hungary (MNB) has issued an executive circular instructing banks on measures to prevent fraudsters from taking...

Debt

Hungary C/A Surplus at EUR 838 mln in May

Hungary's current account had an EUR 838 million surplus in May, narrowing from EUR 1.16 bln in the previous month,...

Debt

ÁKK Sells HUF 73.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 73.5 billion of bonds at auction on Thursday, more than double the...

Banking

OTP Tops Ranking of Best-performing Banks in Europe

OTP Bank, Hungary's biggest commercial lender, heads a new ranking of Europe's best-performing banks published by S&P Global Market Intelligence,...

MNB

Budapest School for Central Bank Studies Offering Courses

The Budapest School for Central Bank Studies, the training school of the National Bank of Hungary (MNB), is offering intensive...

Trade

Beekeeping Association Files Complaint Against Chinese Imports

With the professional help of the Ministry of Agriculture, the National Hungarian Beekeeping Association (OMME) has filed an anti-dumping complaint...

Banking

Banking Assoc Protests Defense Contribution

"Serial" burdens the government has placed on the banking sector "severely limit" lenders' role in boosting economic growth, the Hungarian...

Banking

Loans Encouraging Some to Renovate, Most Worried About Difficulties

The possibility of state-subsidized loans encourages 23% of Hungarians to embark on renovation works, but almost everyone (93%) is somewhat...

Banking

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

Banking

OTP Completes Sale of Romanian Units

OTP Bank on Tuesday announced the completion of the sale of two of its Romanian units to Banca Transilvania....

Ratings

Moody’s Affirms K&H Bank’s A3 Deposit Ratings, Stable Outlook

Moody's Ratings has confirmed the A3/P-2 long- and short-term deposit ratings of Kereskedelmi & Hitel Bank Rt. (K&H), maintaining a...

Banking

Gránit Bank to Offer Cross-border Services in Romania

Hungary's Gránit Bank will offer cross-border digital banking services in Romania from Q3 2024, the lender said on Wednesday, according...

MNB

Policymakers Cut Central Bank Base Rate by 25 bp to 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

Ratings

Moody’s Assigns A1 Ratings to MBH Mortgage Bank Covered Bonds

Moody's Ratings on Monday assigned A1 long-term ratings to covered bonds issued by MBH Mortgage Bank, according to a report...

Banking

Housing Loan Market Booms in H1

Almost 10% more loans were taken out in the Hungarian housing loan market in the first half of this year...

Banking

MNB Issues Instructions to Prevent Online Personal Loan Fraud

The National Bank of Hungary (MNB) has issued an executive circular instructing banks on measures to prevent fraudsters from taking...

Debt

Hungary C/A Surplus at EUR 838 mln in May

Hungary's current account had an EUR 838 million surplus in May, narrowing from EUR 1.16 bln in the previous month,...

Debt

ÁKK Sells HUF 73.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 73.5 billion of bonds at auction on Thursday, more than double the...

Banking

OTP Tops Ranking of Best-performing Banks in Europe

OTP Bank, Hungary's biggest commercial lender, heads a new ranking of Europe's best-performing banks published by S&P Global Market Intelligence,...

MNB

Budapest School for Central Bank Studies Offering Courses

The Budapest School for Central Bank Studies, the training school of the National Bank of Hungary (MNB), is offering intensive...

Trade

Beekeeping Association Files Complaint Against Chinese Imports

With the professional help of the Ministry of Agriculture, the National Hungarian Beekeeping Association (OMME) has filed an anti-dumping complaint...

Banking

Banking Assoc Protests Defense Contribution

"Serial" burdens the government has placed on the banking sector "severely limit" lenders' role in boosting economic growth, the Hungarian...

Banking

Loans Encouraging Some to Renovate, Most Worried About Difficulties

The possibility of state-subsidized loans encourages 23% of Hungarians to embark on renovation works, but almost everyone (93%) is somewhat...

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

OTP Completes Sale of Romanian Units

OTP Bank on Tuesday announced the completion of the sale of two of its Romanian units to Banca Transilvania....

Moody’s Affirms K&H Bank’s A3 Deposit Ratings, Stable Outlook

Moody's Ratings has confirmed the A3/P-2 long- and short-term deposit ratings of Kereskedelmi & Hitel Bank Rt. (K&H), maintaining a...

Gránit Bank to Offer Cross-border Services in Romania

Hungary's Gránit Bank will offer cross-border digital banking services in Romania from Q3 2024, the lender said on Wednesday, according...

Policymakers Cut Central Bank Base Rate by 25 bp to 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

Moody’s Assigns A1 Ratings to MBH Mortgage Bank Covered Bonds

Moody's Ratings on Monday assigned A1 long-term ratings to covered bonds issued by MBH Mortgage Bank, according to a report...

Housing Loan Market Booms in H1

Almost 10% more loans were taken out in the Hungarian housing loan market in the first half of this year...

MNB Issues Instructions to Prevent Online Personal Loan Fraud

The National Bank of Hungary (MNB) has issued an executive circular instructing banks on measures to prevent fraudsters from taking...

Hungary C/A Surplus at EUR 838 mln in May

Hungary's current account had an EUR 838 million surplus in May, narrowing from EUR 1.16 bln in the previous month,...

ÁKK Sells HUF 73.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 73.5 billion of bonds at auction on Thursday, more than double the...

OTP Tops Ranking of Best-performing Banks in Europe

OTP Bank, Hungary's biggest commercial lender, heads a new ranking of Europe's best-performing banks published by S&P Global Market Intelligence,...

Budapest School for Central Bank Studies Offering Courses

The Budapest School for Central Bank Studies, the training school of the National Bank of Hungary (MNB), is offering intensive...

Beekeeping Association Files Complaint Against Chinese Imports

With the professional help of the Ministry of Agriculture, the National Hungarian Beekeeping Association (OMME) has filed an anti-dumping complaint...

Banking Assoc Protests Defense Contribution

"Serial" burdens the government has placed on the banking sector "severely limit" lenders' role in boosting economic growth, the Hungarian...

Loans Encouraging Some to Renovate, Most Worried About Difficulties

The possibility of state-subsidized loans encourages 23% of Hungarians to embark on renovation works, but almost everyone (93%) is somewhat...