Finance

Banking

Voluntary Rate Caps to Fall

Economic Development Minister Márton Nagy and representatives of the Hungarian Banking Association have agreed on reductions in lenders' voluntary rate...

Banking

EBRD Parts With Stake in Erste Bank Hungary

The European Bank for Reconstruction and Development (EBRD) has sold its 15% stake in Erste Bank Hungary back to Austria's...

Trade

Hungary Trade Surplus at EUR 1 bln in October

Hungary's external trade in goods surplus amounted to EUR 1 billion, according to data published by the Central Statistical Office...

MNB

MNB Moves Forward With Phase-in of Capital Buffer Rates

The National Bank of Hungary (MNB) has announced it is moving forward as planned with a phase-in of capital buffers...

Ratings

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

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

Debt

Varga Ready to Exercise Fiscal Veto if Debt, Deficit at Risk

Finance Minister Mihaly Varga, as the head of a new budget working group for fiscal discipline, said he would exercise...

Banking

Number of Bank Branches Continues Decline

The number of domestic bank branches had decreased to 1,445 by September, which is less than half of the 2013...

MNB

MNB Int’l Reserves Rise EUR 579 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up...

MNB

Rate-setters Point to Continued Need for ‘Disciplined’ Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) said "disciplined monetary policy" was still necessary to...

Banking

Banking Sector Survey Points to Pickup in Credit Demand

Banks' economic sentiment deteriorated in Q2-Q3, but lenders anticipate a pickup in demand for credit in the coming six months,...

Trade

Trade Surplus at EUR 1.34 bln in September

Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central...

Banking

Banking Sector Profits Climb 183% in Q1-Q3

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing...

Banking

Households Continue to Make Net Withdrawals in Oct

Households made net withdrawals of HUF 80 billion from their accounts at Hungarian banks in October, monthly data released by...

Trade

Service Trade Surplus Reaches EUR 3.3 bln in Q3

In the third quarter of 2023, Hungary's service exports calculated in EUR increased by 14%, and their imports grew by...

Ratings

S&P Affirms Bulgaria at BBB/A-2, Raises Outlook

Rating agency Standard & Poor's on Friday said it affirmed its long- and short-term foreign and local currency sovereign credit...

Banking

Voluntary Rate Caps to Fall

Economic Development Minister Márton Nagy and representatives of the Hungarian Banking Association have agreed on reductions in lenders' voluntary rate...

Banking

EBRD Parts With Stake in Erste Bank Hungary

The European Bank for Reconstruction and Development (EBRD) has sold its 15% stake in Erste Bank Hungary back to Austria's...

Trade

Hungary Trade Surplus at EUR 1 bln in October

Hungary's external trade in goods surplus amounted to EUR 1 billion, according to data published by the Central Statistical Office...

MNB

MNB Moves Forward With Phase-in of Capital Buffer Rates

The National Bank of Hungary (MNB) has announced it is moving forward as planned with a phase-in of capital buffers...

Ratings

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

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

Debt

Varga Ready to Exercise Fiscal Veto if Debt, Deficit at Risk

Finance Minister Mihaly Varga, as the head of a new budget working group for fiscal discipline, said he would exercise...

Banking

Number of Bank Branches Continues Decline

The number of domestic bank branches had decreased to 1,445 by September, which is less than half of the 2013...

MNB

MNB Int’l Reserves Rise EUR 579 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up...

MNB

Rate-setters Point to Continued Need for ‘Disciplined’ Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) said "disciplined monetary policy" was still necessary to...

Banking

Banking Sector Survey Points to Pickup in Credit Demand

Banks' economic sentiment deteriorated in Q2-Q3, but lenders anticipate a pickup in demand for credit in the coming six months,...

Trade

Trade Surplus at EUR 1.34 bln in September

Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central...

Banking

Banking Sector Profits Climb 183% in Q1-Q3

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing...

Banking

Households Continue to Make Net Withdrawals in Oct

Households made net withdrawals of HUF 80 billion from their accounts at Hungarian banks in October, monthly data released by...

Trade

Service Trade Surplus Reaches EUR 3.3 bln in Q3

In the third quarter of 2023, Hungary's service exports calculated in EUR increased by 14%, and their imports grew by...

Ratings

S&P Affirms Bulgaria at BBB/A-2, Raises Outlook

Rating agency Standard & Poor's on Friday said it affirmed its long- and short-term foreign and local currency sovereign credit...

Voluntary Rate Caps to Fall

Economic Development Minister Márton Nagy and representatives of the Hungarian Banking Association have agreed on reductions in lenders' voluntary rate...

EBRD Parts With Stake in Erste Bank Hungary

The European Bank for Reconstruction and Development (EBRD) has sold its 15% stake in Erste Bank Hungary back to Austria's...

Hungary Trade Surplus at EUR 1 bln in October

Hungary's external trade in goods surplus amounted to EUR 1 billion, according to data published by the Central Statistical Office...

MNB Moves Forward With Phase-in of Capital Buffer Rates

The National Bank of Hungary (MNB) has announced it is moving forward as planned with a phase-in of capital buffers...

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

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

Varga Ready to Exercise Fiscal Veto if Debt, Deficit at Risk

Finance Minister Mihaly Varga, as the head of a new budget working group for fiscal discipline, said he would exercise...

Number of Bank Branches Continues Decline

The number of domestic bank branches had decreased to 1,445 by September, which is less than half of the 2013...

MNB Int’l Reserves Rise EUR 579 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up...

Rate-setters Point to Continued Need for ‘Disciplined’ Policy

Members of the Monetary Council of the National Bank of Hungary (MNB) said "disciplined monetary policy" was still necessary to...

Banking Sector Survey Points to Pickup in Credit Demand

Banks' economic sentiment deteriorated in Q2-Q3, but lenders anticipate a pickup in demand for credit in the coming six months,...

Trade Surplus at EUR 1.34 bln in September

Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central...

Banking Sector Profits Climb 183% in Q1-Q3

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing...

Households Continue to Make Net Withdrawals in Oct

Households made net withdrawals of HUF 80 billion from their accounts at Hungarian banks in October, monthly data released by...

Service Trade Surplus Reaches EUR 3.3 bln in Q3

In the third quarter of 2023, Hungary's service exports calculated in EUR increased by 14%, and their imports grew by...

S&P Affirms Bulgaria at BBB/A-2, Raises Outlook

Rating agency Standard & Poor's on Friday said it affirmed its long- and short-term foreign and local currency sovereign credit...