Finance

Banking

Hungary offers tax benefits for Olympic supporters

The Hungarian Parliament today approved legislation to offer tax breaks to companies that financially support the capital’s bid to host...

Debt

ÁKK cuts sale at three-month bill auction, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction on Tuesday, HUF 5...

MNB

MFB raises preferential credit cap for farmland purchases

The Hungarian Development Bank (MFB), acting on a government decision, will raise the cap of its preferential loan program for...

MNB

OTP Romania relieves clients of CHF 23 mln debt in conversion scheme

OTP Bank Romania has so far relieved 2,600 clients of a combined CHF 23 million in debt as part of...

Ratings

London analysts: Hungary IG upgrade this week ‘probably too early’ but not impossible

Hungaryʼs upgrade to investment grade by Moodyʼs this week would seem “a little early”, though there is “an outside chance”...

Debt

ÁKK sells HUF 22.5 bln of bonds at auction, less than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 bln of securities at auction on Thursday, under the...

Debt

ÁKK exchanges HUF 34.5 bln of longer maturities at switch auction, under plan

The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 bln of bonds maturing in 2024 and 2025 for ones that...

MNB

MNB to give banks six-month extension to manage forint mortgages

Banks will have until April 1, 2017 to improve the requirement set by a June 2015 National Bank of Hungary...

Debt

ÁKK sells planned volume of three-month bills on moderate demand

The Government Debt Management Agency (ÁKK) sold the planned HUF 40 bln of discount three-month T-bills at auction on Tuesday...

MNB

MKB will establish mortgage bank

State-owned MKB Bank will establish its own mortgage bank together with Granit Bank as a minority owner, the application of...

Banking

Tax deadline for sole proprietorships this Thursday

Sole proprietorships operating in Hungary and individuals that are required to make VAT payments must complete form No. 1533 and...

MNB

K&H group has HUF 38.1 bln after-tax profit in 2015

Kereskedelmi és Hitelbank group (K&H), owned by KBC Bank of Belgium, had HUF 38.1 billion in after-tax profit in 2015,...

MNB

MNB posts HUF 95 bln profit in 2015

The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year,...

Ratings

JCR improves Hungaryʼs outlook to positive

Tokyo-based Japan Credit Rating Agency (JCR) has improved the outlook of Hungaryʼs long-term issuer ratings from stable to positive, the...

MNB

UniCredit Bankʼs corporate lending stock climbs 7% in 2015

UniCredit Bank, Hungaryʼs second-largest commercial bank, saw its corporate lending stock rise 7% last year, Chairman-CEO Mihály Patai said in...

Banking

Hungary offers tax benefits for Olympic supporters

The Hungarian Parliament today approved legislation to offer tax breaks to companies that financially support the capital’s bid to host...

Debt

ÁKK cuts sale at three-month bill auction, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction on Tuesday, HUF 5...

MNB

MFB raises preferential credit cap for farmland purchases

The Hungarian Development Bank (MFB), acting on a government decision, will raise the cap of its preferential loan program for...

MNB

OTP Romania relieves clients of CHF 23 mln debt in conversion scheme

OTP Bank Romania has so far relieved 2,600 clients of a combined CHF 23 million in debt as part of...

Ratings

London analysts: Hungary IG upgrade this week ‘probably too early’ but not impossible

Hungaryʼs upgrade to investment grade by Moodyʼs this week would seem “a little early”, though there is “an outside chance”...

Debt

ÁKK sells HUF 22.5 bln of bonds at auction, less than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 bln of securities at auction on Thursday, under the...

Debt

ÁKK exchanges HUF 34.5 bln of longer maturities at switch auction, under plan

The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 bln of bonds maturing in 2024 and 2025 for ones that...

MNB

MNB to give banks six-month extension to manage forint mortgages

Banks will have until April 1, 2017 to improve the requirement set by a June 2015 National Bank of Hungary...

Debt

ÁKK sells planned volume of three-month bills on moderate demand

The Government Debt Management Agency (ÁKK) sold the planned HUF 40 bln of discount three-month T-bills at auction on Tuesday...

MNB

MKB will establish mortgage bank

State-owned MKB Bank will establish its own mortgage bank together with Granit Bank as a minority owner, the application of...

Banking

Tax deadline for sole proprietorships this Thursday

Sole proprietorships operating in Hungary and individuals that are required to make VAT payments must complete form No. 1533 and...

MNB

K&H group has HUF 38.1 bln after-tax profit in 2015

Kereskedelmi és Hitelbank group (K&H), owned by KBC Bank of Belgium, had HUF 38.1 billion in after-tax profit in 2015,...

MNB

MNB posts HUF 95 bln profit in 2015

The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year,...

Ratings

JCR improves Hungaryʼs outlook to positive

Tokyo-based Japan Credit Rating Agency (JCR) has improved the outlook of Hungaryʼs long-term issuer ratings from stable to positive, the...

MNB

UniCredit Bankʼs corporate lending stock climbs 7% in 2015

UniCredit Bank, Hungaryʼs second-largest commercial bank, saw its corporate lending stock rise 7% last year, Chairman-CEO Mihály Patai said in...

Hungary offers tax benefits for Olympic supporters

The Hungarian Parliament today approved legislation to offer tax breaks to companies that financially support the capital’s bid to host...

ÁKK cuts sale at three-month bill auction, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction on Tuesday, HUF 5...

MFB raises preferential credit cap for farmland purchases

The Hungarian Development Bank (MFB), acting on a government decision, will raise the cap of its preferential loan program for...

OTP Romania relieves clients of CHF 23 mln debt in conversion scheme

OTP Bank Romania has so far relieved 2,600 clients of a combined CHF 23 million in debt as part of...

London analysts: Hungary IG upgrade this week ‘probably too early’ but not impossible

Hungaryʼs upgrade to investment grade by Moodyʼs this week would seem “a little early”, though there is “an outside chance”...

ÁKK sells HUF 22.5 bln of bonds at auction, less than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 bln of securities at auction on Thursday, under the...

ÁKK exchanges HUF 34.5 bln of longer maturities at switch auction, under plan

The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 bln of bonds maturing in 2024 and 2025 for ones that...

MNB to give banks six-month extension to manage forint mortgages

Banks will have until April 1, 2017 to improve the requirement set by a June 2015 National Bank of Hungary...

ÁKK sells planned volume of three-month bills on moderate demand

The Government Debt Management Agency (ÁKK) sold the planned HUF 40 bln of discount three-month T-bills at auction on Tuesday...

MKB will establish mortgage bank

State-owned MKB Bank will establish its own mortgage bank together with Granit Bank as a minority owner, the application of...

Tax deadline for sole proprietorships this Thursday

Sole proprietorships operating in Hungary and individuals that are required to make VAT payments must complete form No. 1533 and...

K&H group has HUF 38.1 bln after-tax profit in 2015

Kereskedelmi és Hitelbank group (K&H), owned by KBC Bank of Belgium, had HUF 38.1 billion in after-tax profit in 2015,...

MNB posts HUF 95 bln profit in 2015

The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year,...

JCR improves Hungaryʼs outlook to positive

Tokyo-based Japan Credit Rating Agency (JCR) has improved the outlook of Hungaryʼs long-term issuer ratings from stable to positive, the...

UniCredit Bankʼs corporate lending stock climbs 7% in 2015

UniCredit Bank, Hungaryʼs second-largest commercial bank, saw its corporate lending stock rise 7% last year, Chairman-CEO Mihály Patai said in...