Finance

MNB

MNB Stresses Importance of ‘Conservative’ Dividend Policy to Support Future Lending

The National Bank of Hungary (MNB) said lenders' "remarkably high" profitability was not sustainable in the medium term and pointed...

Debt

General Gov’t Deficit at HUF 3.488 tln in October

Hungary's cash flow-based general government deficit reached HUF 3.488 trillion at the end of October, the Ministry of Finance confirmed...

MNB

MNB Signs Cooperation Deal With Kazakh Financial Market Watchdog

The National Bank of Hungary (MNB) has signed a cooperation agreement with the Astana Financial Services Authority (AFSA), Kazakhstan's financial...

MNB

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

Debt

ÁKK Sells HUF 59 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 59 bln of securities at auction on Thursday, HUF 14...

MNB

MNB Cuts Base Rate by 75 bp to 11.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

Banking

K&H Debuts Digital Szép Card

K&H became the first bank in Hungary to introduce the digital Szép card alongside the classic plastic card, according to...

MNB

MNB Issues Sustainable and Responsible Investment Charter

The National Bank of Hungary (MNB) on Monday issued a Sustainable and Responsible Investment Charter in which it commits to...

Ratings

Scope Downgrades Masterplast Issuer Rating to B+

Scope Ratings has downgraded the issuer and senior unsecured debt ratings of listed Hungarian building materials maker Masterplast to B+...

MNB

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

Banking

Magnet Bank Launches PayPlus Program

With the introduction of mobile payments, Magnet Bank has launched a new program to support a local NGO, according a...

Banking

Erste Bank Hungary Profit Close to HUF 90 bln in Q1-Q3

Austrian-owned Erste Bank Hungary's after-tax profit climbed to HUF 89.9 billion in Q1-Q3 from HUF 18.4bn in the base period,...

Ratings

Croatia’s Outlook Upgraded by Moody’s

Moody's has improved the outlook on Croatia to positive from stable, affirming its long-term issuer and senior unsecured ratings at...

Banking

K&H Bank Earnings Climb to HUF 70.8 bln in Q1-Q3

The after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, rose 129% year-on-year to HUF 70.8 billion in...

MNB

Growing Client Numbers Would Warrant Local Revolut Unit – MNB

The National Bank of Hungary (MNB) said the growing number of Hungarian clients of fintech company Revolut, along with more...

MNB

MNB Stresses Importance of ‘Conservative’ Dividend Policy to Support Future Lending

The National Bank of Hungary (MNB) said lenders' "remarkably high" profitability was not sustainable in the medium term and pointed...

Debt

General Gov’t Deficit at HUF 3.488 tln in October

Hungary's cash flow-based general government deficit reached HUF 3.488 trillion at the end of October, the Ministry of Finance confirmed...

MNB

MNB Signs Cooperation Deal With Kazakh Financial Market Watchdog

The National Bank of Hungary (MNB) has signed a cooperation agreement with the Astana Financial Services Authority (AFSA), Kazakhstan's financial...

MNB

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

Debt

ÁKK Sells HUF 59 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 59 bln of securities at auction on Thursday, HUF 14...

MNB

MNB Cuts Base Rate by 75 bp to 11.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

Banking

K&H Debuts Digital Szép Card

K&H became the first bank in Hungary to introduce the digital Szép card alongside the classic plastic card, according to...

MNB

MNB Issues Sustainable and Responsible Investment Charter

The National Bank of Hungary (MNB) on Monday issued a Sustainable and Responsible Investment Charter in which it commits to...

Ratings

Scope Downgrades Masterplast Issuer Rating to B+

Scope Ratings has downgraded the issuer and senior unsecured debt ratings of listed Hungarian building materials maker Masterplast to B+...

MNB

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

Banking

Magnet Bank Launches PayPlus Program

With the introduction of mobile payments, Magnet Bank has launched a new program to support a local NGO, according a...

Banking

Erste Bank Hungary Profit Close to HUF 90 bln in Q1-Q3

Austrian-owned Erste Bank Hungary's after-tax profit climbed to HUF 89.9 billion in Q1-Q3 from HUF 18.4bn in the base period,...

Ratings

Croatia’s Outlook Upgraded by Moody’s

Moody's has improved the outlook on Croatia to positive from stable, affirming its long-term issuer and senior unsecured ratings at...

Banking

K&H Bank Earnings Climb to HUF 70.8 bln in Q1-Q3

The after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, rose 129% year-on-year to HUF 70.8 billion in...

MNB

Growing Client Numbers Would Warrant Local Revolut Unit – MNB

The National Bank of Hungary (MNB) said the growing number of Hungarian clients of fintech company Revolut, along with more...

MNB Stresses Importance of ‘Conservative’ Dividend Policy to Support Future Lending

The National Bank of Hungary (MNB) said lenders' "remarkably high" profitability was not sustainable in the medium term and pointed...

General Gov’t Deficit at HUF 3.488 tln in October

Hungary's cash flow-based general government deficit reached HUF 3.488 trillion at the end of October, the Ministry of Finance confirmed...

MNB Signs Cooperation Deal With Kazakh Financial Market Watchdog

The National Bank of Hungary (MNB) has signed a cooperation agreement with the Astana Financial Services Authority (AFSA), Kazakhstan's financial...

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

ÁKK Sells HUF 59 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 59 bln of securities at auction on Thursday, HUF 14...

MNB Cuts Base Rate by 75 bp to 11.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

K&H Debuts Digital Szép Card

K&H became the first bank in Hungary to introduce the digital Szép card alongside the classic plastic card, according to...

MNB Issues Sustainable and Responsible Investment Charter

The National Bank of Hungary (MNB) on Monday issued a Sustainable and Responsible Investment Charter in which it commits to...

Scope Downgrades Masterplast Issuer Rating to B+

Scope Ratings has downgraded the issuer and senior unsecured debt ratings of listed Hungarian building materials maker Masterplast to B+...

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

Magnet Bank Launches PayPlus Program

With the introduction of mobile payments, Magnet Bank has launched a new program to support a local NGO, according a...

Erste Bank Hungary Profit Close to HUF 90 bln in Q1-Q3

Austrian-owned Erste Bank Hungary's after-tax profit climbed to HUF 89.9 billion in Q1-Q3 from HUF 18.4bn in the base period,...

Croatia’s Outlook Upgraded by Moody’s

Moody's has improved the outlook on Croatia to positive from stable, affirming its long-term issuer and senior unsecured ratings at...

K&H Bank Earnings Climb to HUF 70.8 bln in Q1-Q3

The after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, rose 129% year-on-year to HUF 70.8 billion in...

Growing Client Numbers Would Warrant Local Revolut Unit – MNB

The National Bank of Hungary (MNB) said the growing number of Hungarian clients of fintech company Revolut, along with more...