Finance

MNB

MNB: Outstanding household loans continue to fall for sixth straight year

In the third quarter of 2015, outstanding loans supplied to households by credit institutions decreased by HUF 67 bln as...

MNB

MNB: Lending dynamics in the SME segment improve in Q3 2015

In the third quarter of 2015, the outstanding borrowing of the SME sector increased by HUF 74 billion, and the...

MNB

Forint down in euro, up in dollar after ECB

The forint was trading at 312.36 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB

MNB fines Biztonság-Trade HUF 500 mln for unlicensed activity

The National Bank of Hungary (MNB) today said it had fined Biztonság-Trade HUF 500 mln for providing unlicensed financial services...

Debt

Hungarian state development bank issues EUR 300 mln six-year bond

Hungaryʼs 100% state-owned development bank MFB will issue €300 million six-year bonds with settlement on December 8, MFB said yesterday, according to...

MNB

MNB: Two-thirds of clients to see lower instalments with car loan conversion

The monthly installments of about two-thirds of FX car and personal loan clients will drop with the conversion of their...

MNB

BUX corrects down from peak, Richter hit by profit taking

The Budapest Stock Exchangeʼs main BUX index finished down 0.69% at 23,681.22 Wednesday after gathering 0.33% on Tuesday. It is...

MNB

Banks disburse HUF 800.4 bln in loans in phase II of FGS

Net of repayments, banks disbursed HUF 800.4 billion in loans as of November 27 to small- and medium-size enterprises (SMEs)...

Debt

ÁKK exchanges HUF 11.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 11.5 billion of bonds maturing in 2024 for ones that expire in...

Debt

ÁKK cuts sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 9 bln of discount three-month T-bills at auction today, cutting its offer...

Ratings

Analysts: Hungary to return to investment grade in 2016

Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a...

MNB

MNB clears Erste mortgage bank

The National Bank of Hungary (MNB) has cleared the establishment of a mortgage bank by Erste Bank Hungary, according to...

MNB

KPMG: Lenders cautiously optimistic about corporate lending

Consultancy KPMGʼs gauge of sentiment on the corporate lending market has risen to 2.73 points this year from 2.5 in...

Ratings

Fitch: Recovery of Hungarian banks underway

The operating environment for banks in Hungary has improved, due to positive developments in the economy and the governmentʼs intention...

MNB

Hungarian banks achieve HUF 163 bln pre-tax profit in Q1-Q3

Hungarian credit institutions had a combined pre-tax profit of HUF 163.1 billion in the first three quarters of 2015 compared...

MNB

MNB: Outstanding household loans continue to fall for sixth straight year

In the third quarter of 2015, outstanding loans supplied to households by credit institutions decreased by HUF 67 bln as...

MNB

MNB: Lending dynamics in the SME segment improve in Q3 2015

In the third quarter of 2015, the outstanding borrowing of the SME sector increased by HUF 74 billion, and the...

MNB

Forint down in euro, up in dollar after ECB

The forint was trading at 312.36 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB

MNB fines Biztonság-Trade HUF 500 mln for unlicensed activity

The National Bank of Hungary (MNB) today said it had fined Biztonság-Trade HUF 500 mln for providing unlicensed financial services...

Debt

Hungarian state development bank issues EUR 300 mln six-year bond

Hungaryʼs 100% state-owned development bank MFB will issue €300 million six-year bonds with settlement on December 8, MFB said yesterday, according to...

MNB

MNB: Two-thirds of clients to see lower instalments with car loan conversion

The monthly installments of about two-thirds of FX car and personal loan clients will drop with the conversion of their...

MNB

BUX corrects down from peak, Richter hit by profit taking

The Budapest Stock Exchangeʼs main BUX index finished down 0.69% at 23,681.22 Wednesday after gathering 0.33% on Tuesday. It is...

MNB

Banks disburse HUF 800.4 bln in loans in phase II of FGS

Net of repayments, banks disbursed HUF 800.4 billion in loans as of November 27 to small- and medium-size enterprises (SMEs)...

Debt

ÁKK exchanges HUF 11.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 11.5 billion of bonds maturing in 2024 for ones that expire in...

Debt

ÁKK cuts sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 9 bln of discount three-month T-bills at auction today, cutting its offer...

Ratings

Analysts: Hungary to return to investment grade in 2016

Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a...

MNB

MNB clears Erste mortgage bank

The National Bank of Hungary (MNB) has cleared the establishment of a mortgage bank by Erste Bank Hungary, according to...

MNB

KPMG: Lenders cautiously optimistic about corporate lending

Consultancy KPMGʼs gauge of sentiment on the corporate lending market has risen to 2.73 points this year from 2.5 in...

Ratings

Fitch: Recovery of Hungarian banks underway

The operating environment for banks in Hungary has improved, due to positive developments in the economy and the governmentʼs intention...

MNB

Hungarian banks achieve HUF 163 bln pre-tax profit in Q1-Q3

Hungarian credit institutions had a combined pre-tax profit of HUF 163.1 billion in the first three quarters of 2015 compared...

MNB: Outstanding household loans continue to fall for sixth straight year

In the third quarter of 2015, outstanding loans supplied to households by credit institutions decreased by HUF 67 bln as...

MNB: Lending dynamics in the SME segment improve in Q3 2015

In the third quarter of 2015, the outstanding borrowing of the SME sector increased by HUF 74 billion, and the...

Forint down in euro, up in dollar after ECB

The forint was trading at 312.36 to the euro late Thursday on the interbank forex market, down from final quotes...

MNB fines Biztonság-Trade HUF 500 mln for unlicensed activity

The National Bank of Hungary (MNB) today said it had fined Biztonság-Trade HUF 500 mln for providing unlicensed financial services...

Hungarian state development bank issues EUR 300 mln six-year bond

Hungaryʼs 100% state-owned development bank MFB will issue €300 million six-year bonds with settlement on December 8, MFB said yesterday, according to...

MNB: Two-thirds of clients to see lower instalments with car loan conversion

The monthly installments of about two-thirds of FX car and personal loan clients will drop with the conversion of their...

BUX corrects down from peak, Richter hit by profit taking

The Budapest Stock Exchangeʼs main BUX index finished down 0.69% at 23,681.22 Wednesday after gathering 0.33% on Tuesday. It is...

Banks disburse HUF 800.4 bln in loans in phase II of FGS

Net of repayments, banks disbursed HUF 800.4 billion in loans as of November 27 to small- and medium-size enterprises (SMEs)...

ÁKK exchanges HUF 11.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 11.5 billion of bonds maturing in 2024 for ones that expire in...

ÁKK cuts sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 9 bln of discount three-month T-bills at auction today, cutting its offer...

Analysts: Hungary to return to investment grade in 2016

Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a...

MNB clears Erste mortgage bank

The National Bank of Hungary (MNB) has cleared the establishment of a mortgage bank by Erste Bank Hungary, according to...

KPMG: Lenders cautiously optimistic about corporate lending

Consultancy KPMGʼs gauge of sentiment on the corporate lending market has risen to 2.73 points this year from 2.5 in...

Fitch: Recovery of Hungarian banks underway

The operating environment for banks in Hungary has improved, due to positive developments in the economy and the governmentʼs intention...

Hungarian banks achieve HUF 163 bln pre-tax profit in Q1-Q3

Hungarian credit institutions had a combined pre-tax profit of HUF 163.1 billion in the first three quarters of 2015 compared...