Finance

MNB

Varga: Gov’t Respects MNB’s Independence

Minister of Finance Mihály Varga acknowledged that his ministry, in consultation with the European Central Bank, was weighing the possibility...

Banking

Erste Group Earnings in Hungary Double in 2023

Austria's Erste Group booked net income of EUR 265 million at its banking business in Hungary last year, up 112%,...

Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 20 billion of securities expiring in 2030 and 2033 for bonds maturing...

Banking

Personal Loans up Dramatically in 2023

The number of Hungarians taking out personal loans rose dramatically last year, according to data from the National Bank of...

MNB

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 100...

Banking

MBH Bank Introduces MREL-eligible Bonds on BSE

MBH Bank introduced its first international, MREL-eligible bonds to the debt securities section of the Budapest Stock Exchange, so they...

Banking

Hungary Leasing Market Grows Close to 6% in 2023

New lease contract value rose 5.5% to HUF 909.5 billion in Hungary last year, the head of the Hungarian Leasing...

Debt

Q4 State Debt Ratio at 73.5%

Hungary's state debt relative to GDP reached 73.5% at the end of the fourth quarter, according to preliminary data released...

Banking

Corvinus University, OTP Launch Joint Mentoring Program

On February 16, Corvinus University of Budapest and OTP Bank launched a joint mentoring program with nine mentor-mentee pairs. Thanks...

Banking

Gov’t to Make HUF 130 bln of 0% SME Credit Available From Q2

The government will make HUF 130 billion in 0% credit available to SMEs to boost competitiveness from the second quarter,...

Banking

Banking Sector Forint Liquidity up in January

Forint liquidity of the domestic banking sector rose in January, indicated by an increase in the average stock of central...

Debt

Hungary Current Account Deficit at EUR 1.049 bln in December

Hungary's current account had a EUR 1.049 billion deficit in December, after months of surpluses, news wire MTI reports, citing...

Banking

K&H Bank Earnings Reach HUF 108 bln in 2023

The after-tax profit of K&H Bank, the local unit of Belgium's KBC, rose 60% to HUF 108 billion in 2023,...

Trade

Slovakia Trade Deficit Narrows Sharply

Slovakia's trade deficit shrank to EUR 258 million in December 2023, from EUR 1,326.4 million in the same month a...

Banking

OTP Agrees to Sell Romanian Business for EUR 347.5 mln

OTP Bank, Hungary's biggest commercial lender, on Friday announced the conclusion of an agreement to sell OTP Bank Romania to...

MNB

Varga: Gov’t Respects MNB’s Independence

Minister of Finance Mihály Varga acknowledged that his ministry, in consultation with the European Central Bank, was weighing the possibility...

Banking

Erste Group Earnings in Hungary Double in 2023

Austria's Erste Group booked net income of EUR 265 million at its banking business in Hungary last year, up 112%,...

Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 20 billion of securities expiring in 2030 and 2033 for bonds maturing...

Banking

Personal Loans up Dramatically in 2023

The number of Hungarians taking out personal loans rose dramatically last year, according to data from the National Bank of...

MNB

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 100...

Banking

MBH Bank Introduces MREL-eligible Bonds on BSE

MBH Bank introduced its first international, MREL-eligible bonds to the debt securities section of the Budapest Stock Exchange, so they...

Banking

Hungary Leasing Market Grows Close to 6% in 2023

New lease contract value rose 5.5% to HUF 909.5 billion in Hungary last year, the head of the Hungarian Leasing...

Debt

Q4 State Debt Ratio at 73.5%

Hungary's state debt relative to GDP reached 73.5% at the end of the fourth quarter, according to preliminary data released...

Banking

Corvinus University, OTP Launch Joint Mentoring Program

On February 16, Corvinus University of Budapest and OTP Bank launched a joint mentoring program with nine mentor-mentee pairs. Thanks...

Banking

Gov’t to Make HUF 130 bln of 0% SME Credit Available From Q2

The government will make HUF 130 billion in 0% credit available to SMEs to boost competitiveness from the second quarter,...

Banking

Banking Sector Forint Liquidity up in January

Forint liquidity of the domestic banking sector rose in January, indicated by an increase in the average stock of central...

Debt

Hungary Current Account Deficit at EUR 1.049 bln in December

Hungary's current account had a EUR 1.049 billion deficit in December, after months of surpluses, news wire MTI reports, citing...

Banking

K&H Bank Earnings Reach HUF 108 bln in 2023

The after-tax profit of K&H Bank, the local unit of Belgium's KBC, rose 60% to HUF 108 billion in 2023,...

Trade

Slovakia Trade Deficit Narrows Sharply

Slovakia's trade deficit shrank to EUR 258 million in December 2023, from EUR 1,326.4 million in the same month a...

Banking

OTP Agrees to Sell Romanian Business for EUR 347.5 mln

OTP Bank, Hungary's biggest commercial lender, on Friday announced the conclusion of an agreement to sell OTP Bank Romania to...

Varga: Gov’t Respects MNB’s Independence

Minister of Finance Mihály Varga acknowledged that his ministry, in consultation with the European Central Bank, was weighing the possibility...

Erste Group Earnings in Hungary Double in 2023

Austria's Erste Group booked net income of EUR 265 million at its banking business in Hungary last year, up 112%,...

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 20 billion of securities expiring in 2030 and 2033 for bonds maturing...

Personal Loans up Dramatically in 2023

The number of Hungarians taking out personal loans rose dramatically last year, according to data from the National Bank of...

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 100...

MBH Bank Introduces MREL-eligible Bonds on BSE

MBH Bank introduced its first international, MREL-eligible bonds to the debt securities section of the Budapest Stock Exchange, so they...

Hungary Leasing Market Grows Close to 6% in 2023

New lease contract value rose 5.5% to HUF 909.5 billion in Hungary last year, the head of the Hungarian Leasing...

Q4 State Debt Ratio at 73.5%

Hungary's state debt relative to GDP reached 73.5% at the end of the fourth quarter, according to preliminary data released...

Corvinus University, OTP Launch Joint Mentoring Program

On February 16, Corvinus University of Budapest and OTP Bank launched a joint mentoring program with nine mentor-mentee pairs. Thanks...

Gov’t to Make HUF 130 bln of 0% SME Credit Available From Q2

The government will make HUF 130 billion in 0% credit available to SMEs to boost competitiveness from the second quarter,...

Banking Sector Forint Liquidity up in January

Forint liquidity of the domestic banking sector rose in January, indicated by an increase in the average stock of central...

Hungary Current Account Deficit at EUR 1.049 bln in December

Hungary's current account had a EUR 1.049 billion deficit in December, after months of surpluses, news wire MTI reports, citing...

K&H Bank Earnings Reach HUF 108 bln in 2023

The after-tax profit of K&H Bank, the local unit of Belgium's KBC, rose 60% to HUF 108 billion in 2023,...

Slovakia Trade Deficit Narrows Sharply

Slovakia's trade deficit shrank to EUR 258 million in December 2023, from EUR 1,326.4 million in the same month a...

OTP Agrees to Sell Romanian Business for EUR 347.5 mln

OTP Bank, Hungary's biggest commercial lender, on Friday announced the conclusion of an agreement to sell OTP Bank Romania to...