Finance

Banking

Moody’s Upgrades Erste Bank Rating

Credit rating agency Moody's upgraded the long-term deposit rating of Erste Bank Hungary, according to a recent report....

Banking

MBH Mortgage Bank Green Portfolio Increasing

The proportion of green financing in MBH Mortgage Bank’s outsourced loan portfolio is constantly increasing, according to the 2022 sustainability...

Banking

MNB Fines MBH Bank HUF 87 mln

The National Bank of Hungary (MNB) has fined MBH Bank HUF 87 million for regulatory shortcomings uncovered in a comprehensive...

Debt

Q2 State Debt Ratio Reaches 75%

Hungary's state debt relative to GDP had reached 75% of the year-end target by the end of the second quarter,...

MNB

MNB Increasing Number of Forex Swap Tenders

The National Bank of Hungary (MNB) said yesterday it will increase the amount of foreign exchange swap tenders providing euro...

Trade

NAK, BTT Concerned by Ukrainian Poultry, Egg Imports

The National Agriculture Chamber (NAK) and the Poultry Product Council (BTT) called for halting imports of Ukrainian poultry and eggs...

Debt

ÁKK Sells HUF 38.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of securities at auction on Thursday, HUF 13.5 bln more...

Debt

Hungary Current Account Surplus Climbs to EUR 547 mln in June

Hungary's current account showed a EUR 547 million surplus in June, following a EUR 396 mln surplus in the previous...

Banking

Hungary Leasing Market Grows 2% in H1

Leasing outlays rose 2% year-on-year to HUF 429.1 billion in the first half of this year, news agency MTI writes...

Banking

Forint Liquidity of Banking Sector Grows in July

Forint liquidity of the Hungarian banking sector expanded in July, mainly reflected in an increase of the average stock of...

MNB

MNB Calls on Lenders to Step up Proactive Liquidity Management

The National Bank of Hungary (MNB) has called on lenders to strengthen their proactive liquidity management amid the impacts of...

Debt

ÁKK Sells HUF 66 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 66 billion of bonds at auction on Thursday, more than double the...

Banking

OTP Q2 Profits Surge to HUF 382 bln

Consolidated second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, jumped 402% year-on-year to HUF 382.1 billion, supported by...

Banking

KBC Books Q2 Net Income of EUR 63 mln in Hungary

Belgium's KBC booked a net income of EUR 63 mln at its banking and insurance businesses in Hungary in the...

Banking

Invoice Factory Operators Charged

The Metropolitan Prosecutor's Office brought charges against members of a criminal organization in Budapest who, between 2016 and 2020, operated...

Banking

Moody’s Upgrades Erste Bank Rating

Credit rating agency Moody's upgraded the long-term deposit rating of Erste Bank Hungary, according to a recent report....

Banking

MBH Mortgage Bank Green Portfolio Increasing

The proportion of green financing in MBH Mortgage Bank’s outsourced loan portfolio is constantly increasing, according to the 2022 sustainability...

Banking

MNB Fines MBH Bank HUF 87 mln

The National Bank of Hungary (MNB) has fined MBH Bank HUF 87 million for regulatory shortcomings uncovered in a comprehensive...

Debt

Q2 State Debt Ratio Reaches 75%

Hungary's state debt relative to GDP had reached 75% of the year-end target by the end of the second quarter,...

MNB

MNB Increasing Number of Forex Swap Tenders

The National Bank of Hungary (MNB) said yesterday it will increase the amount of foreign exchange swap tenders providing euro...

Trade

NAK, BTT Concerned by Ukrainian Poultry, Egg Imports

The National Agriculture Chamber (NAK) and the Poultry Product Council (BTT) called for halting imports of Ukrainian poultry and eggs...

Debt

ÁKK Sells HUF 38.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of securities at auction on Thursday, HUF 13.5 bln more...

Debt

Hungary Current Account Surplus Climbs to EUR 547 mln in June

Hungary's current account showed a EUR 547 million surplus in June, following a EUR 396 mln surplus in the previous...

Banking

Hungary Leasing Market Grows 2% in H1

Leasing outlays rose 2% year-on-year to HUF 429.1 billion in the first half of this year, news agency MTI writes...

Banking

Forint Liquidity of Banking Sector Grows in July

Forint liquidity of the Hungarian banking sector expanded in July, mainly reflected in an increase of the average stock of...

MNB

MNB Calls on Lenders to Step up Proactive Liquidity Management

The National Bank of Hungary (MNB) has called on lenders to strengthen their proactive liquidity management amid the impacts of...

Debt

ÁKK Sells HUF 66 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 66 billion of bonds at auction on Thursday, more than double the...

Banking

OTP Q2 Profits Surge to HUF 382 bln

Consolidated second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, jumped 402% year-on-year to HUF 382.1 billion, supported by...

Banking

KBC Books Q2 Net Income of EUR 63 mln in Hungary

Belgium's KBC booked a net income of EUR 63 mln at its banking and insurance businesses in Hungary in the...

Banking

Invoice Factory Operators Charged

The Metropolitan Prosecutor's Office brought charges against members of a criminal organization in Budapest who, between 2016 and 2020, operated...

Moody’s Upgrades Erste Bank Rating

Credit rating agency Moody's upgraded the long-term deposit rating of Erste Bank Hungary, according to a recent report....

MBH Mortgage Bank Green Portfolio Increasing

The proportion of green financing in MBH Mortgage Bank’s outsourced loan portfolio is constantly increasing, according to the 2022 sustainability...

MNB Fines MBH Bank HUF 87 mln

The National Bank of Hungary (MNB) has fined MBH Bank HUF 87 million for regulatory shortcomings uncovered in a comprehensive...

Q2 State Debt Ratio Reaches 75%

Hungary's state debt relative to GDP had reached 75% of the year-end target by the end of the second quarter,...

MNB Increasing Number of Forex Swap Tenders

The National Bank of Hungary (MNB) said yesterday it will increase the amount of foreign exchange swap tenders providing euro...

NAK, BTT Concerned by Ukrainian Poultry, Egg Imports

The National Agriculture Chamber (NAK) and the Poultry Product Council (BTT) called for halting imports of Ukrainian poultry and eggs...

ÁKK Sells HUF 38.5 bln of Securities at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of securities at auction on Thursday, HUF 13.5 bln more...

Hungary Current Account Surplus Climbs to EUR 547 mln in June

Hungary's current account showed a EUR 547 million surplus in June, following a EUR 396 mln surplus in the previous...

Hungary Leasing Market Grows 2% in H1

Leasing outlays rose 2% year-on-year to HUF 429.1 billion in the first half of this year, news agency MTI writes...

Forint Liquidity of Banking Sector Grows in July

Forint liquidity of the Hungarian banking sector expanded in July, mainly reflected in an increase of the average stock of...

MNB Calls on Lenders to Step up Proactive Liquidity Management

The National Bank of Hungary (MNB) has called on lenders to strengthen their proactive liquidity management amid the impacts of...

ÁKK Sells HUF 66 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 66 billion of bonds at auction on Thursday, more than double the...

OTP Q2 Profits Surge to HUF 382 bln

Consolidated second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, jumped 402% year-on-year to HUF 382.1 billion, supported by...

KBC Books Q2 Net Income of EUR 63 mln in Hungary

Belgium's KBC booked a net income of EUR 63 mln at its banking and insurance businesses in Hungary in the...

Invoice Factory Operators Charged

The Metropolitan Prosecutor's Office brought charges against members of a criminal organization in Budapest who, between 2016 and 2020, operated...