Finance

Banking

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln

After-tax profit of Austrian-owned Erste Bank Hungary was close to HUF 29 billion in the first quarter, climbing from HUF...

MNB

MNB International Reserves Climb EUR 523 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.896 bln at the end of April, up...

Banking

EBRD Guarantees Ukraine’s JSC OTP Bank to Enable Lending

The European Bank for Reconstruction and Development announced that it is extending an unfunded portfolio risk-sharing facility to Ukraine’s JSC...

Trade

EUR 1.691 bln Trade Surplus an All-time High

Hungary had a EUR 1.691 billion trade surplus in February, widening from EUR 583 million in January, according to a...

Banking

Households Make Net Deposits of HUF 97 bln at Banks in March

Households made net deposits of HUF 97 billion on their accounts at Hungarian banks in March, well under the HUF...

Ratings

S&P Affirms Hungary’s BBB- Rating, Stable Outlook

S&P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Banking

Hungarian Banks: HUF 50,000 Stolen Every Minute in 2023 Scam Surge

The National Bank of Hungary (MNB) has pointed to a surge in financial scams in 2023, with an increasing share...

Banking

OTP Makes Offer for Bank in EU – CEO

OTP Bank made an offer on Thursday to acquire another bank in a European Union member state, chairman-CEO Sándor Csányi...

MNB

MNB Business Confidence Index Slips in March

The business confidence index of the National Bank of Hungary (MNB) fell to -8 points in March from 0 points...

Banking

Lenders’ Home Loan Outlays at HUF 344 bln in H2 2023

Hungarian lenders' outlays of home loans reached HUF 344 billion in the second half of 2023 after falling to HUF...

MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

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

Ratings

Moody’s Affirms Budapest’s ‘Baa3’ Rating

Moody's Ratings has affirmed the "Baa3" local and foreign currency long-term issuer ratings of the city of Budapest with a...

MNB

MNB Gauges Interest in Operating on Hungary Crypto-assets Market

The National Bank of Hungary (MNB) will conduct a survey to determine the degree of interest among Hungarian companies in...

MNB

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined UniCredit Bank Hungary HUF 28 million for failing to comply fully with...

Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of bonds at auction on Thursday, HUF 20 bln more...

Banking

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln

After-tax profit of Austrian-owned Erste Bank Hungary was close to HUF 29 billion in the first quarter, climbing from HUF...

MNB

MNB International Reserves Climb EUR 523 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.896 bln at the end of April, up...

Banking

EBRD Guarantees Ukraine’s JSC OTP Bank to Enable Lending

The European Bank for Reconstruction and Development announced that it is extending an unfunded portfolio risk-sharing facility to Ukraine’s JSC...

Trade

EUR 1.691 bln Trade Surplus an All-time High

Hungary had a EUR 1.691 billion trade surplus in February, widening from EUR 583 million in January, according to a...

Banking

Households Make Net Deposits of HUF 97 bln at Banks in March

Households made net deposits of HUF 97 billion on their accounts at Hungarian banks in March, well under the HUF...

Ratings

S&P Affirms Hungary’s BBB- Rating, Stable Outlook

S&P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Banking

Hungarian Banks: HUF 50,000 Stolen Every Minute in 2023 Scam Surge

The National Bank of Hungary (MNB) has pointed to a surge in financial scams in 2023, with an increasing share...

Banking

OTP Makes Offer for Bank in EU – CEO

OTP Bank made an offer on Thursday to acquire another bank in a European Union member state, chairman-CEO Sándor Csányi...

MNB

MNB Business Confidence Index Slips in March

The business confidence index of the National Bank of Hungary (MNB) fell to -8 points in March from 0 points...

Banking

Lenders’ Home Loan Outlays at HUF 344 bln in H2 2023

Hungarian lenders' outlays of home loans reached HUF 344 billion in the second half of 2023 after falling to HUF...

MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

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

Ratings

Moody’s Affirms Budapest’s ‘Baa3’ Rating

Moody's Ratings has affirmed the "Baa3" local and foreign currency long-term issuer ratings of the city of Budapest with a...

MNB

MNB Gauges Interest in Operating on Hungary Crypto-assets Market

The National Bank of Hungary (MNB) will conduct a survey to determine the degree of interest among Hungarian companies in...

MNB

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined UniCredit Bank Hungary HUF 28 million for failing to comply fully with...

Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of bonds at auction on Thursday, HUF 20 bln more...

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln

After-tax profit of Austrian-owned Erste Bank Hungary was close to HUF 29 billion in the first quarter, climbing from HUF...

MNB International Reserves Climb EUR 523 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.896 bln at the end of April, up...

EBRD Guarantees Ukraine’s JSC OTP Bank to Enable Lending

The European Bank for Reconstruction and Development announced that it is extending an unfunded portfolio risk-sharing facility to Ukraine’s JSC...

EUR 1.691 bln Trade Surplus an All-time High

Hungary had a EUR 1.691 billion trade surplus in February, widening from EUR 583 million in January, according to a...

Households Make Net Deposits of HUF 97 bln at Banks in March

Households made net deposits of HUF 97 billion on their accounts at Hungarian banks in March, well under the HUF...

S&P Affirms Hungary’s BBB- Rating, Stable Outlook

S&P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Hungarian Banks: HUF 50,000 Stolen Every Minute in 2023 Scam Surge

The National Bank of Hungary (MNB) has pointed to a surge in financial scams in 2023, with an increasing share...

OTP Makes Offer for Bank in EU – CEO

OTP Bank made an offer on Thursday to acquire another bank in a European Union member state, chairman-CEO Sándor Csányi...

MNB Business Confidence Index Slips in March

The business confidence index of the National Bank of Hungary (MNB) fell to -8 points in March from 0 points...

Lenders’ Home Loan Outlays at HUF 344 bln in H2 2023

Hungarian lenders' outlays of home loans reached HUF 344 billion in the second half of 2023 after falling to HUF...

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

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

Moody’s Affirms Budapest’s ‘Baa3’ Rating

Moody's Ratings has affirmed the "Baa3" local and foreign currency long-term issuer ratings of the city of Budapest with a...

MNB Gauges Interest in Operating on Hungary Crypto-assets Market

The National Bank of Hungary (MNB) will conduct a survey to determine the degree of interest among Hungarian companies in...

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfalls

The National Bank of Hungary (MNB) has fined UniCredit Bank Hungary HUF 28 million for failing to comply fully with...

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of bonds at auction on Thursday, HUF 20 bln more...