Finance

MNB

Reuters: MNB considers cutting GDP growth

The National Bank of Hungary (MNB) is expected to cut its economic growth outlook sharply in December, and if it...

MNB

Forint drifts in thin trade

 The forint was trading at 312.08 to the euro late Thursday on the interbank forex market, practically unchanged from final...

Debt

ÁKK raises bond sales on strong demand

The Government Debt Management Agency (ÁKK) sold a combined HUF 70.5 bln of three-, five- and ten-year fixed-rate bonds at...

MNB

Forint fairly stable versus euro, dives in dollar

The forint was trading at to 312.31 the euro late Wednesday on the interbank forex market, slightly down from final...

Debt

ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under...

MNB

National Economy Ministry submits proposal to change bank levy rules

Hungary’s National Economy Minister Mihály Varga submitted a proposal to Parliament yesterday to revise bank levy rules, effectively reducing the...

Debt

ÁKK raises sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, raising its offer...

MNB

K&H Bank Q3 profit reaches HUF 12.8 bln

K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC...

Banking

NAV to take over personal tax return procedures for 1.5 mln Hungarians

Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following...

MNB

Report: Retail FX loan conversion reduces financial system vulnerability

The vulnerability of Hungaryʼs financial system has been "significantly reduced" in the recent period, thanks to the conversion of retail...

MNB

MNB: Corporate loan NPL ratio edges past 14% as portfolio shrinks

The ratio of non-performing loans in the corporate portfolio of Hungarian banksʼ edged up one-tenth of a percentage point to...

Ratings

Varga not expecting major change to credit rating

Hungary is not expecting any major changes during credit rating agency Fitch Ratingsʼ review later today, National Economy Minister Mihály...

Ratings

Fitch affirms Hungaryʼs junk rating

Fitch Ratings affirmed Hungaryʼs “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled...

MNB

MNB international reserves to drop without increasing vulnerability

The National Bank of Hungary (MNB) estimates that its international reserves could drop by as much as €10 billion from...

Debt

ÁKK sells HUF 22 bln of securities at auction, HUF 6 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22 bln of securities at auction today, HUF 6 bln...

MNB

Reuters: MNB considers cutting GDP growth

The National Bank of Hungary (MNB) is expected to cut its economic growth outlook sharply in December, and if it...

MNB

Forint drifts in thin trade

 The forint was trading at 312.08 to the euro late Thursday on the interbank forex market, practically unchanged from final...

Debt

ÁKK raises bond sales on strong demand

The Government Debt Management Agency (ÁKK) sold a combined HUF 70.5 bln of three-, five- and ten-year fixed-rate bonds at...

MNB

Forint fairly stable versus euro, dives in dollar

The forint was trading at to 312.31 the euro late Wednesday on the interbank forex market, slightly down from final...

Debt

ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under...

MNB

National Economy Ministry submits proposal to change bank levy rules

Hungary’s National Economy Minister Mihály Varga submitted a proposal to Parliament yesterday to revise bank levy rules, effectively reducing the...

Debt

ÁKK raises sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, raising its offer...

MNB

K&H Bank Q3 profit reaches HUF 12.8 bln

K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC...

Banking

NAV to take over personal tax return procedures for 1.5 mln Hungarians

Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following...

MNB

Report: Retail FX loan conversion reduces financial system vulnerability

The vulnerability of Hungaryʼs financial system has been "significantly reduced" in the recent period, thanks to the conversion of retail...

MNB

MNB: Corporate loan NPL ratio edges past 14% as portfolio shrinks

The ratio of non-performing loans in the corporate portfolio of Hungarian banksʼ edged up one-tenth of a percentage point to...

Ratings

Varga not expecting major change to credit rating

Hungary is not expecting any major changes during credit rating agency Fitch Ratingsʼ review later today, National Economy Minister Mihály...

Ratings

Fitch affirms Hungaryʼs junk rating

Fitch Ratings affirmed Hungaryʼs “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled...

MNB

MNB international reserves to drop without increasing vulnerability

The National Bank of Hungary (MNB) estimates that its international reserves could drop by as much as €10 billion from...

Debt

ÁKK sells HUF 22 bln of securities at auction, HUF 6 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22 bln of securities at auction today, HUF 6 bln...

Reuters: MNB considers cutting GDP growth

The National Bank of Hungary (MNB) is expected to cut its economic growth outlook sharply in December, and if it...

Forint drifts in thin trade

 The forint was trading at 312.08 to the euro late Thursday on the interbank forex market, practically unchanged from final...

ÁKK raises bond sales on strong demand

The Government Debt Management Agency (ÁKK) sold a combined HUF 70.5 bln of three-, five- and ten-year fixed-rate bonds at...

Forint fairly stable versus euro, dives in dollar

The forint was trading at to 312.31 the euro late Wednesday on the interbank forex market, slightly down from final...

ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under...

National Economy Ministry submits proposal to change bank levy rules

Hungary’s National Economy Minister Mihály Varga submitted a proposal to Parliament yesterday to revise bank levy rules, effectively reducing the...

ÁKK raises sale of three-month bills, yields drop

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, raising its offer...

K&H Bank Q3 profit reaches HUF 12.8 bln

K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC...

NAV to take over personal tax return procedures for 1.5 mln Hungarians

Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following...

Report: Retail FX loan conversion reduces financial system vulnerability

The vulnerability of Hungaryʼs financial system has been "significantly reduced" in the recent period, thanks to the conversion of retail...

MNB: Corporate loan NPL ratio edges past 14% as portfolio shrinks

The ratio of non-performing loans in the corporate portfolio of Hungarian banksʼ edged up one-tenth of a percentage point to...

Varga not expecting major change to credit rating

Hungary is not expecting any major changes during credit rating agency Fitch Ratingsʼ review later today, National Economy Minister Mihály...

Fitch affirms Hungaryʼs junk rating

Fitch Ratings affirmed Hungaryʼs “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled...

MNB international reserves to drop without increasing vulnerability

The National Bank of Hungary (MNB) estimates that its international reserves could drop by as much as €10 billion from...

ÁKK sells HUF 22 bln of securities at auction, HUF 6 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22 bln of securities at auction today, HUF 6 bln...