Finance

MNB

Ratesetters Cut Base Rate to 7%

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

Banking

OTP Redeems EUR 400 mln of Green Securities

OTP Bank, Hungary's biggest commercial lender, on Wednesday said it is exercising its optional rights and redeeming green senior preferred...

Banking

Value of Bank Card Payments Climbs 8% in Q1

The value of payments in Hungary made with locally-issued bank cards climbed 8% year-on-year to HUF 3.719 tln in the...

Banking

Lender Liquidity Narrows in May

Forint liquidity of the domestic banking sector decreased in May, indicated by a decline in lenders' current account deposits that...

Ratings

Fitch Affirms Hungary ‘BBB’ Rating, Negative Outlook

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Banking

Green Preferential Capital Requirement Program Stock at HUF 1.022 tln

Local lenders' stock of credit in a preferential capital requirement scheme to support green lending reached HUF 1.022 tln at...

Ratings

Scope Ratings Completes Monitoring Review for Hungary

Scope Ratings completed a biannual monitoring review for Hungary on Friday, according to a report by state news wire MTI....

MNB

MNB Presents Biodiversity Loss Project Results at Conference

The National Bank of Hungary (MNB) presented the results of a nearly two-year long, European Union-funded project to assess financial...

MNB

MNB International Reserves Climb EUR 839 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.735 bln at the end of May, up...

Banking

Households Withdrawals Match Deposits in April

Households withdrew as much as they deposited in their accounts at Hungarian banks in April, according to data released by...

MNB

Rate-setters Point to Need for Maintaining Tight Monetary Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) were in agreement on the need to keep...

Banking

Banking Sector Profit Climbs 37% in Q1

First-quarter after-tax profit of Hungarian banks rose 37% year-on-year to HUF 441 billion, data released by the National Bank of...

Trade

Hungary Trade Surplus Grows in April

Hungary's external trade in goods surplus reached EUR 1.8 billion in April 2024, with the growth of exports outpacing that...

Trade

External Trade in Services Surplus at EUR 2.4 bln in Q1

The surplus of Hungary's external trade in services in the first quarter was EUR 2.4 billion, according to data by...

MNB

MNB Books HUF 1.763 tln Loss in 2023

The National Bank of Hungary had a HUF 1.763 tln loss in 2023, state news wire MTI writes, citing an...

MNB

Ratesetters Cut Base Rate to 7%

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

Banking

OTP Redeems EUR 400 mln of Green Securities

OTP Bank, Hungary's biggest commercial lender, on Wednesday said it is exercising its optional rights and redeeming green senior preferred...

Banking

Value of Bank Card Payments Climbs 8% in Q1

The value of payments in Hungary made with locally-issued bank cards climbed 8% year-on-year to HUF 3.719 tln in the...

Banking

Lender Liquidity Narrows in May

Forint liquidity of the domestic banking sector decreased in May, indicated by a decline in lenders' current account deposits that...

Ratings

Fitch Affirms Hungary ‘BBB’ Rating, Negative Outlook

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Banking

Green Preferential Capital Requirement Program Stock at HUF 1.022 tln

Local lenders' stock of credit in a preferential capital requirement scheme to support green lending reached HUF 1.022 tln at...

Ratings

Scope Ratings Completes Monitoring Review for Hungary

Scope Ratings completed a biannual monitoring review for Hungary on Friday, according to a report by state news wire MTI....

MNB

MNB Presents Biodiversity Loss Project Results at Conference

The National Bank of Hungary (MNB) presented the results of a nearly two-year long, European Union-funded project to assess financial...

MNB

MNB International Reserves Climb EUR 839 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.735 bln at the end of May, up...

Banking

Households Withdrawals Match Deposits in April

Households withdrew as much as they deposited in their accounts at Hungarian banks in April, according to data released by...

MNB

Rate-setters Point to Need for Maintaining Tight Monetary Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) were in agreement on the need to keep...

Banking

Banking Sector Profit Climbs 37% in Q1

First-quarter after-tax profit of Hungarian banks rose 37% year-on-year to HUF 441 billion, data released by the National Bank of...

Trade

Hungary Trade Surplus Grows in April

Hungary's external trade in goods surplus reached EUR 1.8 billion in April 2024, with the growth of exports outpacing that...

Trade

External Trade in Services Surplus at EUR 2.4 bln in Q1

The surplus of Hungary's external trade in services in the first quarter was EUR 2.4 billion, according to data by...

MNB

MNB Books HUF 1.763 tln Loss in 2023

The National Bank of Hungary had a HUF 1.763 tln loss in 2023, state news wire MTI writes, citing an...

Ratesetters Cut Base Rate to 7%

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

OTP Redeems EUR 400 mln of Green Securities

OTP Bank, Hungary's biggest commercial lender, on Wednesday said it is exercising its optional rights and redeeming green senior preferred...

Value of Bank Card Payments Climbs 8% in Q1

The value of payments in Hungary made with locally-issued bank cards climbed 8% year-on-year to HUF 3.719 tln in the...

Lender Liquidity Narrows in May

Forint liquidity of the domestic banking sector decreased in May, indicated by a decline in lenders' current account deposits that...

Fitch Affirms Hungary ‘BBB’ Rating, Negative Outlook

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Green Preferential Capital Requirement Program Stock at HUF 1.022 tln

Local lenders' stock of credit in a preferential capital requirement scheme to support green lending reached HUF 1.022 tln at...

Scope Ratings Completes Monitoring Review for Hungary

Scope Ratings completed a biannual monitoring review for Hungary on Friday, according to a report by state news wire MTI....

MNB Presents Biodiversity Loss Project Results at Conference

The National Bank of Hungary (MNB) presented the results of a nearly two-year long, European Union-funded project to assess financial...

MNB International Reserves Climb EUR 839 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.735 bln at the end of May, up...

Households Withdrawals Match Deposits in April

Households withdrew as much as they deposited in their accounts at Hungarian banks in April, according to data released by...

Rate-setters Point to Need for Maintaining Tight Monetary Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) were in agreement on the need to keep...

Banking Sector Profit Climbs 37% in Q1

First-quarter after-tax profit of Hungarian banks rose 37% year-on-year to HUF 441 billion, data released by the National Bank of...

Hungary Trade Surplus Grows in April

Hungary's external trade in goods surplus reached EUR 1.8 billion in April 2024, with the growth of exports outpacing that...

External Trade in Services Surplus at EUR 2.4 bln in Q1

The surplus of Hungary's external trade in services in the first quarter was EUR 2.4 billion, according to data by...

MNB Books HUF 1.763 tln Loss in 2023

The National Bank of Hungary had a HUF 1.763 tln loss in 2023, state news wire MTI writes, citing an...