Finance

Banking

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Trade

Hungary Trade Surplus at EUR 308 mln in April

Hungary's surplus on the external trade in goods amounted to EUR 308 million in April 2023, according to data by...

Banking

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

MNB

MNB Int’l Reserves Fall EUR 358 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.52 billion at the end of May, down...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Ratings

Fitch Revises Outlook on MOL ‘BBB-‘ Issuer Rating to Stable

Fitch Ratings affirmed Hungarian oil and gas company MOL's 'BBB-' rating and revised the outlook to stable from negative on...

Trade

Trade Surplus at EUR 886 mln in March

Hungary's trade surplus reached EUR 886 million in March, the Central Statistical Office (KSH) said in a second reading of...

Banking

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

Banking

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Banking

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

MNB

MNB Decides on Technical Changes to Mandatory Reserve System

The National Bank of Hungary (MNB) on Friday said its policymakers decided to use a monthly balance sheet average, rather...

Banking

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

Banking

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Trade

Hungary Trade Surplus at EUR 308 mln in April

Hungary's surplus on the external trade in goods amounted to EUR 308 million in April 2023, according to data by...

Banking

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

MNB

MNB Int’l Reserves Fall EUR 358 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.52 billion at the end of May, down...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Ratings

Fitch Revises Outlook on MOL ‘BBB-‘ Issuer Rating to Stable

Fitch Ratings affirmed Hungarian oil and gas company MOL's 'BBB-' rating and revised the outlook to stable from negative on...

Trade

Trade Surplus at EUR 886 mln in March

Hungary's trade surplus reached EUR 886 million in March, the Central Statistical Office (KSH) said in a second reading of...

Banking

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

Banking

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Banking

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

MNB

MNB Decides on Technical Changes to Mandatory Reserve System

The National Bank of Hungary (MNB) on Friday said its policymakers decided to use a monthly balance sheet average, rather...

Banking

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

K&H Reminds Students to Balance Fun, Finances for the Summer

The summer offers a unique opportunity for students to embrace the joys of both work and leisure. However, K&H notes...

Hungary Trade Surplus at EUR 308 mln in April

Hungary's surplus on the external trade in goods amounted to EUR 308 million in April 2023, according to data by...

Hungary Asks OECD’s Help to Remove OTP From ‘War Sponsors’ List

Hungary has asked the OECD to take steps in the interest of removing OTP Bank, Hungary's biggest commercial lender, from...

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

MNB Int’l Reserves Fall EUR 358 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.52 billion at the end of May, down...

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Fitch Revises Outlook on MOL ‘BBB-‘ Issuer Rating to Stable

Fitch Ratings affirmed Hungarian oil and gas company MOL's 'BBB-' rating and revised the outlook to stable from negative on...

Trade Surplus at EUR 886 mln in March

Hungary's trade surplus reached EUR 886 million in March, the Central Statistical Office (KSH) said in a second reading of...

Companies Make Net Repayments on Credit in April

Non-financial companies repaid net HUF 14 billion of loans to local lenders in April, monthly data released by the National...

Banking Assoc Delivers Negative Assessment of Gov’t Measures

The Hungarian Banking Association warned that a government measure to extend the windfall profit tax on lenders to 2024, while...

Gránit Bank Earnings Nearly Triple in 2022

After-tax profit of Gránit Bank rose 195% to HUF 11.3 billion last year, chairman-CEO Éva Hegedüs said after the lender's...

MNB Decides on Technical Changes to Mandatory Reserve System

The National Bank of Hungary (MNB) on Friday said its policymakers decided to use a monthly balance sheet average, rather...

MFB Issues USD 1.125 bln Bond

The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on...

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...