Finance

MNB

MNB Pledges Nearly EUR 14 million to IMF Concessional Financing Vehicle

The National Bank of Hungary (MNB) has pledged nearly EUR 14 mln to the International Monetary Fund's Poverty Reduction and...

Banking

MBH Bank Issued EUR 350 mln in MREL-eligible Bonds

MBH Bank issued MREL [minimum requirement for own funds and eligible liabilities]-eligible bonds with a nominal value of EUR 350...

Banking

Forint Liquidity of Banking Sector Decreases in September

Forint liquidity of the Hungarian banking sector declined in September, reflected in a drop in the average stock of lenders'...

MNB

MNB Says Inflation Slowdown Driven by Drop in Regulated Prices

The National Bank of Hungary (MNB) said the prices of regulated products and services, which fell on the base effect...

Banking

UniCredit Mortgage Bank Issues HUF 20 bln Green Bond

UniCredit Mortgage Bank has sold HUF 20 billion of green bonds at auction, the Hungarian lender said on Wednesday, according...

Banking

MBH Bank Opens 1st Digital Kiosk in Budapest

MBH Bank debuted its first digital customer service point, installed at the University of Veterinary Medicine in Budapest, at the...

Trade

Hungary Trade Surplus at EUR 708 mln in August

Hungary's external trade in goods surplus amounted to EUR 708 million in August 2023, according to data published by the...

Banking

Nagy Thanks Lenders for Cooperation in Capping Rates

Minister of Economic Development Márton Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and...

MNB

MNB Fines Lenders for Early Repayment Compliance Shortfalls

The National Bank of Hungary (MNB) has fined four lenders a combined HUF 27 million for failure to fully comply...

Ratings

2023 Deficit Revision Makes 2024 Target ‘Challenging’ – Fitch

Hungary's decision to raise its 2023 general government deficit target to 5.2% of GDP from 3.9% makes reaching next year's...

Debt

Fiscal Council Acknowledges New Deficit Target

Hungary's Fiscal Council, a body established to weigh in on budget matters, acknowledged the government's new 2023 deficit target in...

MNB

MNB Int’l Reserves Rise EUR 48 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.662 billion at the end of September, up...

Debt

ÁKK Exchanges HUF 15 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 15 billion of securities expiring in 2035 for bonds maturing in 2024...

Banking

Minister Asks Banks to Introduce Voluntary Rate Caps

Economic Development Minister Márton Nagy has asked lenders to apply voluntary rate caps to new corporate and retail credit from...

MNB

MNB Keeps 0.5% Capital Buffer Activation Date

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to leave the timing for the activation...

MNB

MNB Pledges Nearly EUR 14 million to IMF Concessional Financing Vehicle

The National Bank of Hungary (MNB) has pledged nearly EUR 14 mln to the International Monetary Fund's Poverty Reduction and...

Banking

MBH Bank Issued EUR 350 mln in MREL-eligible Bonds

MBH Bank issued MREL [minimum requirement for own funds and eligible liabilities]-eligible bonds with a nominal value of EUR 350...

Banking

Forint Liquidity of Banking Sector Decreases in September

Forint liquidity of the Hungarian banking sector declined in September, reflected in a drop in the average stock of lenders'...

MNB

MNB Says Inflation Slowdown Driven by Drop in Regulated Prices

The National Bank of Hungary (MNB) said the prices of regulated products and services, which fell on the base effect...

Banking

UniCredit Mortgage Bank Issues HUF 20 bln Green Bond

UniCredit Mortgage Bank has sold HUF 20 billion of green bonds at auction, the Hungarian lender said on Wednesday, according...

Banking

MBH Bank Opens 1st Digital Kiosk in Budapest

MBH Bank debuted its first digital customer service point, installed at the University of Veterinary Medicine in Budapest, at the...

Trade

Hungary Trade Surplus at EUR 708 mln in August

Hungary's external trade in goods surplus amounted to EUR 708 million in August 2023, according to data published by the...

Banking

Nagy Thanks Lenders for Cooperation in Capping Rates

Minister of Economic Development Márton Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and...

MNB

MNB Fines Lenders for Early Repayment Compliance Shortfalls

The National Bank of Hungary (MNB) has fined four lenders a combined HUF 27 million for failure to fully comply...

Ratings

2023 Deficit Revision Makes 2024 Target ‘Challenging’ – Fitch

Hungary's decision to raise its 2023 general government deficit target to 5.2% of GDP from 3.9% makes reaching next year's...

Debt

Fiscal Council Acknowledges New Deficit Target

Hungary's Fiscal Council, a body established to weigh in on budget matters, acknowledged the government's new 2023 deficit target in...

MNB

MNB Int’l Reserves Rise EUR 48 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.662 billion at the end of September, up...

Debt

ÁKK Exchanges HUF 15 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 15 billion of securities expiring in 2035 for bonds maturing in 2024...

Banking

Minister Asks Banks to Introduce Voluntary Rate Caps

Economic Development Minister Márton Nagy has asked lenders to apply voluntary rate caps to new corporate and retail credit from...

MNB

MNB Keeps 0.5% Capital Buffer Activation Date

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to leave the timing for the activation...

MNB Pledges Nearly EUR 14 million to IMF Concessional Financing Vehicle

The National Bank of Hungary (MNB) has pledged nearly EUR 14 mln to the International Monetary Fund's Poverty Reduction and...

MBH Bank Issued EUR 350 mln in MREL-eligible Bonds

MBH Bank issued MREL [minimum requirement for own funds and eligible liabilities]-eligible bonds with a nominal value of EUR 350...

Forint Liquidity of Banking Sector Decreases in September

Forint liquidity of the Hungarian banking sector declined in September, reflected in a drop in the average stock of lenders'...

MNB Says Inflation Slowdown Driven by Drop in Regulated Prices

The National Bank of Hungary (MNB) said the prices of regulated products and services, which fell on the base effect...

UniCredit Mortgage Bank Issues HUF 20 bln Green Bond

UniCredit Mortgage Bank has sold HUF 20 billion of green bonds at auction, the Hungarian lender said on Wednesday, according...

MBH Bank Opens 1st Digital Kiosk in Budapest

MBH Bank debuted its first digital customer service point, installed at the University of Veterinary Medicine in Budapest, at the...

Hungary Trade Surplus at EUR 708 mln in August

Hungary's external trade in goods surplus amounted to EUR 708 million in August 2023, according to data published by the...

Nagy Thanks Lenders for Cooperation in Capping Rates

Minister of Economic Development Márton Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and...

MNB Fines Lenders for Early Repayment Compliance Shortfalls

The National Bank of Hungary (MNB) has fined four lenders a combined HUF 27 million for failure to fully comply...

2023 Deficit Revision Makes 2024 Target ‘Challenging’ – Fitch

Hungary's decision to raise its 2023 general government deficit target to 5.2% of GDP from 3.9% makes reaching next year's...

Fiscal Council Acknowledges New Deficit Target

Hungary's Fiscal Council, a body established to weigh in on budget matters, acknowledged the government's new 2023 deficit target in...

MNB Int’l Reserves Rise EUR 48 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.662 billion at the end of September, up...

ÁKK Exchanges HUF 15 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) exchanged HUF 15 billion of securities expiring in 2035 for bonds maturing in 2024...

Minister Asks Banks to Introduce Voluntary Rate Caps

Economic Development Minister Márton Nagy has asked lenders to apply voluntary rate caps to new corporate and retail credit from...

MNB Keeps 0.5% Capital Buffer Activation Date

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to leave the timing for the activation...