Finance

Ratings

Moody’s Completes Periodic Review of Hungary Ratings 

Moody's Ratings on Friday said it had completed a periodic review of the ratings of Hungary, according to a report...

Banking

MNB Recommends OTP Takes Precautionary Measures on Russian Exposure

The National Bank of Hungary (MNB) has made recommendations in an executive letter to OTP Bank on "precautionary measures" in...

MNB

MNB Extends Green Capital Requirement Discount Program

The National Bank of Hungary (MNB) has extended the Green Capital Requirement discount program, thanks to which the banks provided...

Debt

General Gov’t Deficit at HUF 2.6 tln

Hungary's cash flow-based general government deficit reached HUF 2.597 trillion at the end of April, as the Ministry of Finance...

Banking

25% of Banks Sense Pick-up in Credit Demand

A quarter of the banks sensed a pick-up in demand for consumer credit in the past six months, and looking...

MNB

Central Bank Base Rate by 50 bp to 7.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 50...

Banking

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing in Ukraine

The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility to OTP Leasing in Ukraine...

Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, more than double the...

MNB

MNB: Improved Macro Fundamentals Support Pickup on Home Market

Improving macroeconomic fundamentals have supported a pickup in activity on Hungary's home market and caused price rises to accelerate, the...

Banking

Watchdog Fines OTP Bank for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined OTP Bank HUF 102 million for failing to fully comply with regulations...

Banking

Lender Liquidity Narrows in April

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

Banking

Gránit Bank Balance Sheet Close to HUF 1.4 tln

Total assets of Gránit Bank were close to HUF 1.4 tln at the end of April, the lender said on...

Banking

OTP Q1 Profit Reaches HUF 240 bln

Consolidated adjusted first-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 126pc year-on-year to HUF 240 billion, an...

Debt

HUF 40.5 bln in Securities Exchanged

The Government Debt Management Agency (ÁKK) exchanged HUF 40.5 billion of securities expiring in 2030, 2032 and 2034 for bonds...

MNB

Achieving Deficit Targets ‘Crucial’ – Rate-setters

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that meeting deficit targets was a key...

Ratings

Moody’s Completes Periodic Review of Hungary Ratings 

Moody's Ratings on Friday said it had completed a periodic review of the ratings of Hungary, according to a report...

Banking

MNB Recommends OTP Takes Precautionary Measures on Russian Exposure

The National Bank of Hungary (MNB) has made recommendations in an executive letter to OTP Bank on "precautionary measures" in...

MNB

MNB Extends Green Capital Requirement Discount Program

The National Bank of Hungary (MNB) has extended the Green Capital Requirement discount program, thanks to which the banks provided...

Debt

General Gov’t Deficit at HUF 2.6 tln

Hungary's cash flow-based general government deficit reached HUF 2.597 trillion at the end of April, as the Ministry of Finance...

Banking

25% of Banks Sense Pick-up in Credit Demand

A quarter of the banks sensed a pick-up in demand for consumer credit in the past six months, and looking...

MNB

Central Bank Base Rate by 50 bp to 7.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 50...

Banking

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing in Ukraine

The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility to OTP Leasing in Ukraine...

Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, more than double the...

MNB

MNB: Improved Macro Fundamentals Support Pickup on Home Market

Improving macroeconomic fundamentals have supported a pickup in activity on Hungary's home market and caused price rises to accelerate, the...

Banking

Watchdog Fines OTP Bank for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined OTP Bank HUF 102 million for failing to fully comply with regulations...

Banking

Lender Liquidity Narrows in April

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

Banking

Gránit Bank Balance Sheet Close to HUF 1.4 tln

Total assets of Gránit Bank were close to HUF 1.4 tln at the end of April, the lender said on...

Banking

OTP Q1 Profit Reaches HUF 240 bln

Consolidated adjusted first-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 126pc year-on-year to HUF 240 billion, an...

Debt

HUF 40.5 bln in Securities Exchanged

The Government Debt Management Agency (ÁKK) exchanged HUF 40.5 billion of securities expiring in 2030, 2032 and 2034 for bonds...

MNB

Achieving Deficit Targets ‘Crucial’ – Rate-setters

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that meeting deficit targets was a key...

Moody’s Completes Periodic Review of Hungary Ratings 

Moody's Ratings on Friday said it had completed a periodic review of the ratings of Hungary, according to a report...

MNB Recommends OTP Takes Precautionary Measures on Russian Exposure

The National Bank of Hungary (MNB) has made recommendations in an executive letter to OTP Bank on "precautionary measures" in...

MNB Extends Green Capital Requirement Discount Program

The National Bank of Hungary (MNB) has extended the Green Capital Requirement discount program, thanks to which the banks provided...

General Gov’t Deficit at HUF 2.6 tln

Hungary's cash flow-based general government deficit reached HUF 2.597 trillion at the end of April, as the Ministry of Finance...

25% of Banks Sense Pick-up in Credit Demand

A quarter of the banks sensed a pick-up in demand for consumer credit in the past six months, and looking...

Central Bank Base Rate by 50 bp to 7.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 50...

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing in Ukraine

The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility to OTP Leasing in Ukraine...

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, more than double the...

MNB: Improved Macro Fundamentals Support Pickup on Home Market

Improving macroeconomic fundamentals have supported a pickup in activity on Hungary's home market and caused price rises to accelerate, the...

Watchdog Fines OTP Bank for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined OTP Bank HUF 102 million for failing to fully comply with regulations...

Lender Liquidity Narrows in April

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

Gránit Bank Balance Sheet Close to HUF 1.4 tln

Total assets of Gránit Bank were close to HUF 1.4 tln at the end of April, the lender said on...

OTP Q1 Profit Reaches HUF 240 bln

Consolidated adjusted first-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 126pc year-on-year to HUF 240 billion, an...

HUF 40.5 bln in Securities Exchanged

The Government Debt Management Agency (ÁKK) exchanged HUF 40.5 billion of securities expiring in 2030, 2032 and 2034 for bonds...

Achieving Deficit Targets ‘Crucial’ – Rate-setters

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that meeting deficit targets was a key...