Finance

Banking

K&H Offering Currency Conversion Cost Refunds

K&H is refunding the currency conversion cost of card purchases for users who pay abroad, from August to the end...

Banking

Erste Bank Hungary Earnings Near EUR 108 mln in H1

Erste Bank Hungary's first-half net income reached EUR 107.9 million, climbing from EUR 6.6 mln in the base period, news...

Banking

OTP Acknowledges EU-wide Stress Test Results

OTP Bank, Hungary's biggest commercial lender, acknowledged on Friday the results of a 2023 stress test conducted by the European...

Debt

ÁKK Cuts Premium on Inflation-linked Retail Security

The Government Debt Management Agency (ÁKK) has announced it will cut the premium on the new series of its inflation-linked...

MNB

Policymakers Cut O/N Collateralized Loan Rate

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

MNB

MNB Offsetting Carbon Footprint in Drávaszentes

The National Bank of Hungary (MNB) is offsetting its annual carbon footprint with large-scale forest planting and lawn reconstruction in...

Debt

Gen Gov’t Deficit at HUF 2.896 tln in June

Hungary's cash flow-based general government balance reached HUF 2.896 trillion at the end of June, the Finance Ministry confirmed in...

Debt

Hungary Updates Green Bond Framework

The Government Debt Management Agency (ÁKK) has announced the publication of an updated Green Bond Framework to ensure issues are...

Banking

EUR 20 mln Guarantee for OTP Leasing Ukraine Operations by EBRD

The European Bank for Reconstruction and Development is supporting agribusiness and other critical industries in Ukraine by providing a EUR...

Banking

MBH Bank to Acquire Duna Takarék Bank

MBH Bank has signed a contract on the acquisition of a 98.46% stake in Duna Takarek Bank, Hungary's second-biggest commercial...

Banking

Euromoney Names UniCredit Best Bank in CEE

UniCredit Bank has received the award of Best Bank in Central and Eastern Europe from the Euromoney Awards for Excellence,...

Banking

Gránit Bank Offering New Student Bank Account Package

Gránit Bank is offering a new bank account package designed for students between 18 and 26 under the name Gránit...

Banking

Average Budapest Mortgage Over HUF 19 mln

Mortgages taken out by homebuyers in Budapest averaged HUF 19.3 million in the second quarter, one-third to over 50% more...

Trade

UBM Italy Trading Volume to Reach 100,000 Tonnes in 2023/24

UBM Holding expects crop trading volume of its newly established Italian unit to reach 100,000 tonnes in the 2023/2024 business...

Banking

OTP Acquires Serbian Fund Manager

OTP Bank's fund manager, OTP Alapkezelő, and its Serbian unit OTP Bank Srbija have acquired Serbian fund manager Ilirika DZU...

Banking

K&H Offering Currency Conversion Cost Refunds

K&H is refunding the currency conversion cost of card purchases for users who pay abroad, from August to the end...

Banking

Erste Bank Hungary Earnings Near EUR 108 mln in H1

Erste Bank Hungary's first-half net income reached EUR 107.9 million, climbing from EUR 6.6 mln in the base period, news...

Banking

OTP Acknowledges EU-wide Stress Test Results

OTP Bank, Hungary's biggest commercial lender, acknowledged on Friday the results of a 2023 stress test conducted by the European...

Debt

ÁKK Cuts Premium on Inflation-linked Retail Security

The Government Debt Management Agency (ÁKK) has announced it will cut the premium on the new series of its inflation-linked...

MNB

Policymakers Cut O/N Collateralized Loan Rate

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

MNB

MNB Offsetting Carbon Footprint in Drávaszentes

The National Bank of Hungary (MNB) is offsetting its annual carbon footprint with large-scale forest planting and lawn reconstruction in...

Debt

Gen Gov’t Deficit at HUF 2.896 tln in June

Hungary's cash flow-based general government balance reached HUF 2.896 trillion at the end of June, the Finance Ministry confirmed in...

Debt

Hungary Updates Green Bond Framework

The Government Debt Management Agency (ÁKK) has announced the publication of an updated Green Bond Framework to ensure issues are...

Banking

EUR 20 mln Guarantee for OTP Leasing Ukraine Operations by EBRD

The European Bank for Reconstruction and Development is supporting agribusiness and other critical industries in Ukraine by providing a EUR...

Banking

MBH Bank to Acquire Duna Takarék Bank

MBH Bank has signed a contract on the acquisition of a 98.46% stake in Duna Takarek Bank, Hungary's second-biggest commercial...

Banking

Euromoney Names UniCredit Best Bank in CEE

UniCredit Bank has received the award of Best Bank in Central and Eastern Europe from the Euromoney Awards for Excellence,...

Banking

Gránit Bank Offering New Student Bank Account Package

Gránit Bank is offering a new bank account package designed for students between 18 and 26 under the name Gránit...

Banking

Average Budapest Mortgage Over HUF 19 mln

Mortgages taken out by homebuyers in Budapest averaged HUF 19.3 million in the second quarter, one-third to over 50% more...

Trade

UBM Italy Trading Volume to Reach 100,000 Tonnes in 2023/24

UBM Holding expects crop trading volume of its newly established Italian unit to reach 100,000 tonnes in the 2023/2024 business...

Banking

OTP Acquires Serbian Fund Manager

OTP Bank's fund manager, OTP Alapkezelő, and its Serbian unit OTP Bank Srbija have acquired Serbian fund manager Ilirika DZU...

K&H Offering Currency Conversion Cost Refunds

K&H is refunding the currency conversion cost of card purchases for users who pay abroad, from August to the end...

Erste Bank Hungary Earnings Near EUR 108 mln in H1

Erste Bank Hungary's first-half net income reached EUR 107.9 million, climbing from EUR 6.6 mln in the base period, news...

OTP Acknowledges EU-wide Stress Test Results

OTP Bank, Hungary's biggest commercial lender, acknowledged on Friday the results of a 2023 stress test conducted by the European...

ÁKK Cuts Premium on Inflation-linked Retail Security

The Government Debt Management Agency (ÁKK) has announced it will cut the premium on the new series of its inflation-linked...

Policymakers Cut O/N Collateralized Loan Rate

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

MNB Offsetting Carbon Footprint in Drávaszentes

The National Bank of Hungary (MNB) is offsetting its annual carbon footprint with large-scale forest planting and lawn reconstruction in...

Gen Gov’t Deficit at HUF 2.896 tln in June

Hungary's cash flow-based general government balance reached HUF 2.896 trillion at the end of June, the Finance Ministry confirmed in...

Hungary Updates Green Bond Framework

The Government Debt Management Agency (ÁKK) has announced the publication of an updated Green Bond Framework to ensure issues are...

EUR 20 mln Guarantee for OTP Leasing Ukraine Operations by EBRD

The European Bank for Reconstruction and Development is supporting agribusiness and other critical industries in Ukraine by providing a EUR...

MBH Bank to Acquire Duna Takarék Bank

MBH Bank has signed a contract on the acquisition of a 98.46% stake in Duna Takarek Bank, Hungary's second-biggest commercial...

Euromoney Names UniCredit Best Bank in CEE

UniCredit Bank has received the award of Best Bank in Central and Eastern Europe from the Euromoney Awards for Excellence,...

Gránit Bank Offering New Student Bank Account Package

Gránit Bank is offering a new bank account package designed for students between 18 and 26 under the name Gránit...

Average Budapest Mortgage Over HUF 19 mln

Mortgages taken out by homebuyers in Budapest averaged HUF 19.3 million in the second quarter, one-third to over 50% more...

UBM Italy Trading Volume to Reach 100,000 Tonnes in 2023/24

UBM Holding expects crop trading volume of its newly established Italian unit to reach 100,000 tonnes in the 2023/2024 business...

OTP Acquires Serbian Fund Manager

OTP Bank's fund manager, OTP Alapkezelő, and its Serbian unit OTP Bank Srbija have acquired Serbian fund manager Ilirika DZU...