Finance

Banking

State Agrees to Sell Back 15% Stake in Erste Bank Hungary

State-owned Corvinus International Investment will sell back a 15% stake in Erste Bank Hungary to its Austrian parent, Erste Bank...

Banking

Continued Decline in Demand for Corporate Credit

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website yesterday shows a...

Banking

Magyar Eximbank Issues EUR 1 bln Eurobond

Magyar Eximbank issued a EUR 1 billion eurobond on international markets on Wednesday, the Economic Development Ministry said, according to...

MNB

MNB Int’l Reserves Rise EUR 658 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.320 bln at the end of October, up...

Trade

Hungary Trade Surplus at EUR 1.3 bln in September

Hungary's trade surplus amounted to EUR 1.3 billion in September 2023, according to data published by the Central Statistical Office...

Banking

Companies Make Net Withdrawals of HUF 337 bln in September

Non-financial companies made net withdrawals of HUF 337 billion from their accounts at Hungarian banks in September, state news wire...

Banking

Households Continue to Make Net Withdrawals in September

Households made net withdrawals of HUF 25 billion from their accounts at Hungarian banks in September, state news wire MTI...

Trade

Hungary Trade Surplus Widens to EUR 665 mln in August

Hungary's trade surplus reached EUR 665 million in August, widening from EUR 559 mln in the previous month, state news...

Banking

Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary

Austria's Erste Group booked Q1-Q3 net income of EUR 211 million at its business in Hungary, news agency MTI writes,...

Banking

Voluntary Rate Cap for Working Capital Credit to Fall to 11.5%

Economic Development Minister Marton Nagy and representatives of the Hungarian Banking Association agreed to reduce the voluntary rate cap for...

Debt

ÁKK Sells HUF 58.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of securities at auction on Thursday, HUF 15.5...

Banking

OTP Bank Opens New Branch in Fót

The branch network of OTP Bank has been expanded with a consultancy-oriented, accessible, and full-service branch in the town of...

Banking

Home Loan Outlays Halved in H1

Home loan outlays in Hungary dropped 50% year-on-year to HUF 294 billion in the first half, state news wire MTI...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 12.25%

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

MNB

Regulator to Raise LTV Limit to 90% for 1st-time Homebuyers

The National Bank of Hungary (MNB) announced plans on Wednesday to raise the loan-to-value limit for first-time home buyers from...

Banking

State Agrees to Sell Back 15% Stake in Erste Bank Hungary

State-owned Corvinus International Investment will sell back a 15% stake in Erste Bank Hungary to its Austrian parent, Erste Bank...

Banking

Continued Decline in Demand for Corporate Credit

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website yesterday shows a...

Banking

Magyar Eximbank Issues EUR 1 bln Eurobond

Magyar Eximbank issued a EUR 1 billion eurobond on international markets on Wednesday, the Economic Development Ministry said, according to...

MNB

MNB Int’l Reserves Rise EUR 658 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.320 bln at the end of October, up...

Trade

Hungary Trade Surplus at EUR 1.3 bln in September

Hungary's trade surplus amounted to EUR 1.3 billion in September 2023, according to data published by the Central Statistical Office...

Banking

Companies Make Net Withdrawals of HUF 337 bln in September

Non-financial companies made net withdrawals of HUF 337 billion from their accounts at Hungarian banks in September, state news wire...

Banking

Households Continue to Make Net Withdrawals in September

Households made net withdrawals of HUF 25 billion from their accounts at Hungarian banks in September, state news wire MTI...

Trade

Hungary Trade Surplus Widens to EUR 665 mln in August

Hungary's trade surplus reached EUR 665 million in August, widening from EUR 559 mln in the previous month, state news...

Banking

Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary

Austria's Erste Group booked Q1-Q3 net income of EUR 211 million at its business in Hungary, news agency MTI writes,...

Banking

Voluntary Rate Cap for Working Capital Credit to Fall to 11.5%

Economic Development Minister Marton Nagy and representatives of the Hungarian Banking Association agreed to reduce the voluntary rate cap for...

Debt

ÁKK Sells HUF 58.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of securities at auction on Thursday, HUF 15.5...

Banking

OTP Bank Opens New Branch in Fót

The branch network of OTP Bank has been expanded with a consultancy-oriented, accessible, and full-service branch in the town of...

Banking

Home Loan Outlays Halved in H1

Home loan outlays in Hungary dropped 50% year-on-year to HUF 294 billion in the first half, state news wire MTI...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 12.25%

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

MNB

Regulator to Raise LTV Limit to 90% for 1st-time Homebuyers

The National Bank of Hungary (MNB) announced plans on Wednesday to raise the loan-to-value limit for first-time home buyers from...

State Agrees to Sell Back 15% Stake in Erste Bank Hungary

State-owned Corvinus International Investment will sell back a 15% stake in Erste Bank Hungary to its Austrian parent, Erste Bank...

Continued Decline in Demand for Corporate Credit

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website yesterday shows a...

Magyar Eximbank Issues EUR 1 bln Eurobond

Magyar Eximbank issued a EUR 1 billion eurobond on international markets on Wednesday, the Economic Development Ministry said, according to...

MNB Int’l Reserves Rise EUR 658 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.320 bln at the end of October, up...

Hungary Trade Surplus at EUR 1.3 bln in September

Hungary's trade surplus amounted to EUR 1.3 billion in September 2023, according to data published by the Central Statistical Office...

Companies Make Net Withdrawals of HUF 337 bln in September

Non-financial companies made net withdrawals of HUF 337 billion from their accounts at Hungarian banks in September, state news wire...

Households Continue to Make Net Withdrawals in September

Households made net withdrawals of HUF 25 billion from their accounts at Hungarian banks in September, state news wire MTI...

Hungary Trade Surplus Widens to EUR 665 mln in August

Hungary's trade surplus reached EUR 665 million in August, widening from EUR 559 mln in the previous month, state news...

Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary

Austria's Erste Group booked Q1-Q3 net income of EUR 211 million at its business in Hungary, news agency MTI writes,...

Voluntary Rate Cap for Working Capital Credit to Fall to 11.5%

Economic Development Minister Marton Nagy and representatives of the Hungarian Banking Association agreed to reduce the voluntary rate cap for...

ÁKK Sells HUF 58.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of securities at auction on Thursday, HUF 15.5...

OTP Bank Opens New Branch in Fót

The branch network of OTP Bank has been expanded with a consultancy-oriented, accessible, and full-service branch in the town of...

Home Loan Outlays Halved in H1

Home loan outlays in Hungary dropped 50% year-on-year to HUF 294 billion in the first half, state news wire MTI...

Policymakers Cut Central Bank Base Rate by 75 bp to 12.25%

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

Regulator to Raise LTV Limit to 90% for 1st-time Homebuyers

The National Bank of Hungary (MNB) announced plans on Wednesday to raise the loan-to-value limit for first-time home buyers from...