Finance

Debt

ÁKK Modifies 2023 Financing Plan

Hungary's Government Debt Management Agency (ÁKK) announced late on Monday that it is modifying its financing plan for 2023 in...

Banking

M&A Activity Impacts Banking Sector Profit

First-half net income of Hungarian banks jumped 333% year-on-year to HUF 978 billion, lifted by the impact of a merger...

MNB

ECB Clears Proposed Amendment to Hungary Central Bank Act

The European Central Bank (ECB) has cleared the government's proposed amendment to the central bank act, Finance Minister Mihály Varga...

Debt

ÁKK to Relaunch Switch Auctions

Hungary's Government Debt Management Agency (ÁKK) on Friday announced the relaunch of switch auctions, with new conditions, from September 6,...

Banking

Competition Driving Down Interest Rates on Home Loans

The competition between banks for good customers is increasing, and to this end, loan interest rates at financial institutions have...

Ratings

Moody’s Affirms Hungary Baa2 Rating, Stable Outlook

Moody's Investors Service affirmed Hungary's Baa2 sovereign rating, two notches over the investment grade threshold, with a stable outlook at...

MNB

MNB Publishes Progress Report

The National Bank of Hungary (MNB) has published a progress report on action policymakers have taken on a set of...

Banking

Instant Payment System Transaction Threshold Rises to HUF 20 mln

The value threshold for transactions made using Hungary's instant payment system has risen from HUF 10 million to HUF 20...

Banking

Countries With Most to Least Expensive ATM Transaction Fees

Wise, a foreign exchange company based in the United Kingdom, analyzed 20 European countries to compile a list of where...

Banking

Households Continue to Make Net Withdrawals in July

Households made net withdrawals of HUF 154 billion from their accounts at Hungarian banks in July, monthly data released by...

Banking

MBH Group H1 Earnings Reach HUF 84.7 bln

The after-tax profit of MBH Group, Hungary's second-biggest commercial lender, reached HUF 84.7 bln in the first half, state news...

Banking

Companies Net Borrowers in July

Non-financial companies borrowed net HUF 165 billion from local lenders in July, news agency MTI reports, citing monthly data released...

Trade

Hungary Trade in Services Surplus at EUR 2.7 bln in Q2

In Q2 2023, Hungary's external trade in services surplus reached EUR 2.7 billion, according to data published by the Central...

MNB

MNB Cuts O/N Collateralised Loan Rate by 100 bp

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Banking

Lenders’ Sentiment Worsens in H1

Banks' economic sentiment deteriorated in the first half of the year, news agency MTI reports, citing a survey conducted by...

Debt

ÁKK Modifies 2023 Financing Plan

Hungary's Government Debt Management Agency (ÁKK) announced late on Monday that it is modifying its financing plan for 2023 in...

Banking

M&A Activity Impacts Banking Sector Profit

First-half net income of Hungarian banks jumped 333% year-on-year to HUF 978 billion, lifted by the impact of a merger...

MNB

ECB Clears Proposed Amendment to Hungary Central Bank Act

The European Central Bank (ECB) has cleared the government's proposed amendment to the central bank act, Finance Minister Mihály Varga...

Debt

ÁKK to Relaunch Switch Auctions

Hungary's Government Debt Management Agency (ÁKK) on Friday announced the relaunch of switch auctions, with new conditions, from September 6,...

Banking

Competition Driving Down Interest Rates on Home Loans

The competition between banks for good customers is increasing, and to this end, loan interest rates at financial institutions have...

Ratings

Moody’s Affirms Hungary Baa2 Rating, Stable Outlook

Moody's Investors Service affirmed Hungary's Baa2 sovereign rating, two notches over the investment grade threshold, with a stable outlook at...

MNB

MNB Publishes Progress Report

The National Bank of Hungary (MNB) has published a progress report on action policymakers have taken on a set of...

Banking

Instant Payment System Transaction Threshold Rises to HUF 20 mln

The value threshold for transactions made using Hungary's instant payment system has risen from HUF 10 million to HUF 20...

Banking

Countries With Most to Least Expensive ATM Transaction Fees

Wise, a foreign exchange company based in the United Kingdom, analyzed 20 European countries to compile a list of where...

Banking

Households Continue to Make Net Withdrawals in July

Households made net withdrawals of HUF 154 billion from their accounts at Hungarian banks in July, monthly data released by...

Banking

MBH Group H1 Earnings Reach HUF 84.7 bln

The after-tax profit of MBH Group, Hungary's second-biggest commercial lender, reached HUF 84.7 bln in the first half, state news...

Banking

Companies Net Borrowers in July

Non-financial companies borrowed net HUF 165 billion from local lenders in July, news agency MTI reports, citing monthly data released...

Trade

Hungary Trade in Services Surplus at EUR 2.7 bln in Q2

In Q2 2023, Hungary's external trade in services surplus reached EUR 2.7 billion, according to data published by the Central...

MNB

MNB Cuts O/N Collateralised Loan Rate by 100 bp

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Banking

Lenders’ Sentiment Worsens in H1

Banks' economic sentiment deteriorated in the first half of the year, news agency MTI reports, citing a survey conducted by...

ÁKK Modifies 2023 Financing Plan

Hungary's Government Debt Management Agency (ÁKK) announced late on Monday that it is modifying its financing plan for 2023 in...

M&A Activity Impacts Banking Sector Profit

First-half net income of Hungarian banks jumped 333% year-on-year to HUF 978 billion, lifted by the impact of a merger...

ECB Clears Proposed Amendment to Hungary Central Bank Act

The European Central Bank (ECB) has cleared the government's proposed amendment to the central bank act, Finance Minister Mihály Varga...

ÁKK to Relaunch Switch Auctions

Hungary's Government Debt Management Agency (ÁKK) on Friday announced the relaunch of switch auctions, with new conditions, from September 6,...

Competition Driving Down Interest Rates on Home Loans

The competition between banks for good customers is increasing, and to this end, loan interest rates at financial institutions have...

Moody’s Affirms Hungary Baa2 Rating, Stable Outlook

Moody's Investors Service affirmed Hungary's Baa2 sovereign rating, two notches over the investment grade threshold, with a stable outlook at...

MNB Publishes Progress Report

The National Bank of Hungary (MNB) has published a progress report on action policymakers have taken on a set of...

Instant Payment System Transaction Threshold Rises to HUF 20 mln

The value threshold for transactions made using Hungary's instant payment system has risen from HUF 10 million to HUF 20...

Countries With Most to Least Expensive ATM Transaction Fees

Wise, a foreign exchange company based in the United Kingdom, analyzed 20 European countries to compile a list of where...

Households Continue to Make Net Withdrawals in July

Households made net withdrawals of HUF 154 billion from their accounts at Hungarian banks in July, monthly data released by...

MBH Group H1 Earnings Reach HUF 84.7 bln

The after-tax profit of MBH Group, Hungary's second-biggest commercial lender, reached HUF 84.7 bln in the first half, state news...

Companies Net Borrowers in July

Non-financial companies borrowed net HUF 165 billion from local lenders in July, news agency MTI reports, citing monthly data released...

Hungary Trade in Services Surplus at EUR 2.7 bln in Q2

In Q2 2023, Hungary's external trade in services surplus reached EUR 2.7 billion, according to data published by the Central...

MNB Cuts O/N Collateralised Loan Rate by 100 bp

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Lenders’ Sentiment Worsens in H1

Banks' economic sentiment deteriorated in the first half of the year, news agency MTI reports, citing a survey conducted by...