Finance

MNB

Ratesetters Voted 7:2 for 100 bp Cut 

Members of the Monetary Council of the National Bank of Hungary (MNB) voted 7:2 for a 100-basis-point rate cut at...

MNB

MNB Warns Draft Amendments Would Affect Independence

The National Bank of Hungary (MNB) said amendments to the Central Bank Act drafted by the Finance Ministry would affect...

MNB

MNB: Most Companies Blame GDP Contraction on Inflation

Domestic GDP decreased by 0.9%, the background of which was mainly the falling internal demand due to high inflation, according...

MNB

Ties Between PM, Central Bank Governor ‘Remain Close’

Ties between Prime Minister Viktor Orbán and National Bank of Hungary (MNB) governor György Matolcsy "remain close", the central bank...

Banking

K&H: Demand for Market Housing Loans Much Higher in January

The demand for market housing loans was much higher at K&H in January this year than a year earlier, the...

Debt

Gen Gov’t Deficit Reaches HUF 1.704 tln in February

Hungary's cash flow-based general government deficit reached HUF 1.704 tln at the end of February, the Finance Ministry said in...

Banking

OTP Earnings Climb in 2023

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, was muted, as acquisition and divestment costs weighed, but...

Ratings

Fitch Gives MVM Dollar Bond ‘BBB’ Rating

International credit rating agency Fitch Ratings gave MVM Zrt.'s planned dollar bond the same rating as the company, "BBB." It...

Banking

Banking Sector Profit More Than Doubles in 2023

After-tax profit of Hungarian banks rose 130% to HUF 1.929 trillion in 2023, state news wire MTI reports, citing data...

Banking

Erste Bank Hungary Profit Climbs to HUF 115 bln in 2023

After-tax profit of Austrian-owned Erste Bank Hungary reached HUF 115 billion in 2023, more than double the HUF 53 bln...

Ratings

JCR Affirms Hungary A- Rating With Stable Outlook

Japan Credit Rating Agency (JCR) affirmed Hungary's A- foreign currency long-term issuer rating, with a stable outlook, on Tuesday, according...

Debt

Varga Puts 2024 Budget Deficit at 4.5% of GDP

Finance Minister Mihály Varga said the government aimed to bring the general government deficit under the 3%-of-GDP Maastricht threshold by...

Trade

EUR 271 mln Trade Deficit in December

Hungary had a EUR 271 million trade deficit in December, the first negative balance in almost a year, according to...

Banking

Households Make HUF 164 bln of Net Withdrawals in January

Households made net withdrawals of HUF 164 billion from their accounts at Hungarian banks in January, news agency MTI reports,...

MNB

Budget Must Adapt to Economic Environment – Varga

The budget must adapt to the economic environment, while the economy determines fiscal performance, Finance Minister Mihály Varga said at...

MNB

Ratesetters Voted 7:2 for 100 bp Cut 

Members of the Monetary Council of the National Bank of Hungary (MNB) voted 7:2 for a 100-basis-point rate cut at...

MNB

MNB Warns Draft Amendments Would Affect Independence

The National Bank of Hungary (MNB) said amendments to the Central Bank Act drafted by the Finance Ministry would affect...

MNB

MNB: Most Companies Blame GDP Contraction on Inflation

Domestic GDP decreased by 0.9%, the background of which was mainly the falling internal demand due to high inflation, according...

MNB

Ties Between PM, Central Bank Governor ‘Remain Close’

Ties between Prime Minister Viktor Orbán and National Bank of Hungary (MNB) governor György Matolcsy "remain close", the central bank...

Banking

K&H: Demand for Market Housing Loans Much Higher in January

The demand for market housing loans was much higher at K&H in January this year than a year earlier, the...

Debt

Gen Gov’t Deficit Reaches HUF 1.704 tln in February

Hungary's cash flow-based general government deficit reached HUF 1.704 tln at the end of February, the Finance Ministry said in...

Banking

OTP Earnings Climb in 2023

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, was muted, as acquisition and divestment costs weighed, but...

Ratings

Fitch Gives MVM Dollar Bond ‘BBB’ Rating

International credit rating agency Fitch Ratings gave MVM Zrt.'s planned dollar bond the same rating as the company, "BBB." It...

Banking

Banking Sector Profit More Than Doubles in 2023

After-tax profit of Hungarian banks rose 130% to HUF 1.929 trillion in 2023, state news wire MTI reports, citing data...

Banking

Erste Bank Hungary Profit Climbs to HUF 115 bln in 2023

After-tax profit of Austrian-owned Erste Bank Hungary reached HUF 115 billion in 2023, more than double the HUF 53 bln...

Ratings

JCR Affirms Hungary A- Rating With Stable Outlook

Japan Credit Rating Agency (JCR) affirmed Hungary's A- foreign currency long-term issuer rating, with a stable outlook, on Tuesday, according...

Debt

Varga Puts 2024 Budget Deficit at 4.5% of GDP

Finance Minister Mihály Varga said the government aimed to bring the general government deficit under the 3%-of-GDP Maastricht threshold by...

Trade

EUR 271 mln Trade Deficit in December

Hungary had a EUR 271 million trade deficit in December, the first negative balance in almost a year, according to...

Banking

Households Make HUF 164 bln of Net Withdrawals in January

Households made net withdrawals of HUF 164 billion from their accounts at Hungarian banks in January, news agency MTI reports,...

MNB

Budget Must Adapt to Economic Environment – Varga

The budget must adapt to the economic environment, while the economy determines fiscal performance, Finance Minister Mihály Varga said at...

Ratesetters Voted 7:2 for 100 bp Cut 

Members of the Monetary Council of the National Bank of Hungary (MNB) voted 7:2 for a 100-basis-point rate cut at...

MNB Warns Draft Amendments Would Affect Independence

The National Bank of Hungary (MNB) said amendments to the Central Bank Act drafted by the Finance Ministry would affect...

MNB: Most Companies Blame GDP Contraction on Inflation

Domestic GDP decreased by 0.9%, the background of which was mainly the falling internal demand due to high inflation, according...

Ties Between PM, Central Bank Governor ‘Remain Close’

Ties between Prime Minister Viktor Orbán and National Bank of Hungary (MNB) governor György Matolcsy "remain close", the central bank...

K&H: Demand for Market Housing Loans Much Higher in January

The demand for market housing loans was much higher at K&H in January this year than a year earlier, the...

Gen Gov’t Deficit Reaches HUF 1.704 tln in February

Hungary's cash flow-based general government deficit reached HUF 1.704 tln at the end of February, the Finance Ministry said in...

OTP Earnings Climb in 2023

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, was muted, as acquisition and divestment costs weighed, but...

Fitch Gives MVM Dollar Bond ‘BBB’ Rating

International credit rating agency Fitch Ratings gave MVM Zrt.'s planned dollar bond the same rating as the company, "BBB." It...

Banking Sector Profit More Than Doubles in 2023

After-tax profit of Hungarian banks rose 130% to HUF 1.929 trillion in 2023, state news wire MTI reports, citing data...

Erste Bank Hungary Profit Climbs to HUF 115 bln in 2023

After-tax profit of Austrian-owned Erste Bank Hungary reached HUF 115 billion in 2023, more than double the HUF 53 bln...

JCR Affirms Hungary A- Rating With Stable Outlook

Japan Credit Rating Agency (JCR) affirmed Hungary's A- foreign currency long-term issuer rating, with a stable outlook, on Tuesday, according...

Varga Puts 2024 Budget Deficit at 4.5% of GDP

Finance Minister Mihály Varga said the government aimed to bring the general government deficit under the 3%-of-GDP Maastricht threshold by...

EUR 271 mln Trade Deficit in December

Hungary had a EUR 271 million trade deficit in December, the first negative balance in almost a year, according to...

Households Make HUF 164 bln of Net Withdrawals in January

Households made net withdrawals of HUF 164 billion from their accounts at Hungarian banks in January, news agency MTI reports,...

Budget Must Adapt to Economic Environment – Varga

The budget must adapt to the economic environment, while the economy determines fiscal performance, Finance Minister Mihály Varga said at...