Finance

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

MNB

Central Bank Hosts Budapest Renminbi Initiative Conference

The National Bank of Hungary (MNB) hosted the Budapest Renminbi Initiative Conference, which focused on financial interconnectivity and the green...

Ratings

Judicial Reforms ‘Step Towards’ Unlocking EU Funds – Fitch

Recently approved legislation on the judiciary addressing concerns over the rule of law aired by the European Commission are "a...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

MNB

Watchdog Fines Trustee Company Over Unlicensed Lending

The National Bank of Hungary (MNB) on Tuesday said it fined Primus Trust Asset Management Zrt. HUF 300 million for...

Ratings

R&I Affirms Hungary BBB+ Rating

Japan's R&I has affirmed Hungary's BBB+ sovereign rating, "in spite of the perilous international environment", Finance Minister Mihály Varga said...

Banking

OTP AGM Approves HUF 300/share Dividend

Shareholders of OTP Bank, Hungary's biggest commercial lender, approved the payment of a HUF 300-per-share dividend at an annual general...

Banking

Erste Group Books Q1 Earnings of EUR 10 mln in Hungary

Austria's Erste Group booked a first-quarter net income of EUR 10 million at its business in Hungary, an earnings report...

MNB

Central Bank Preferences Boost Green Lending

Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last...

Debt

ÁKK Sells HUF 21 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount six-month T-bills at auction on Wednesday, raising its...

MNB

Policymakers Leave Base Rate on Hold, 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%,...

Banking

10 Banks Raising Fees on Retail Accounts

Ten banks will raise the fees of their retail accounts due to last year's inflation by May 1, which may...

Banking

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

Banking

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

Banking

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

MNB

Central Bank Hosts Budapest Renminbi Initiative Conference

The National Bank of Hungary (MNB) hosted the Budapest Renminbi Initiative Conference, which focused on financial interconnectivity and the green...

Ratings

Judicial Reforms ‘Step Towards’ Unlocking EU Funds – Fitch

Recently approved legislation on the judiciary addressing concerns over the rule of law aired by the European Commission are "a...

Banking

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

Banking

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

MNB

Watchdog Fines Trustee Company Over Unlicensed Lending

The National Bank of Hungary (MNB) on Tuesday said it fined Primus Trust Asset Management Zrt. HUF 300 million for...

Ratings

R&I Affirms Hungary BBB+ Rating

Japan's R&I has affirmed Hungary's BBB+ sovereign rating, "in spite of the perilous international environment", Finance Minister Mihály Varga said...

Banking

OTP AGM Approves HUF 300/share Dividend

Shareholders of OTP Bank, Hungary's biggest commercial lender, approved the payment of a HUF 300-per-share dividend at an annual general...

Banking

Erste Group Books Q1 Earnings of EUR 10 mln in Hungary

Austria's Erste Group booked a first-quarter net income of EUR 10 million at its business in Hungary, an earnings report...

MNB

Central Bank Preferences Boost Green Lending

Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last...

Debt

ÁKK Sells HUF 21 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount six-month T-bills at auction on Wednesday, raising its...

MNB

Policymakers Leave Base Rate on Hold, 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%,...

Banking

10 Banks Raising Fees on Retail Accounts

Ten banks will raise the fees of their retail accounts due to last year's inflation by May 1, which may...

Households Withdraw HUF 120 bln in March

Households made net withdrawals of HUF 120 billion from their accounts at Hungarian banks in March, according to monthly data...

More People Taking out Smaller Loans

More people are taking out loans, even for small amounts, since they can apply for a bank loan quickly and...

CIB, Generali Enter Bank Insurance Cooperation in Hungary

CIB Bank's Italian parent company Intesa Sanpaolo and Generali have entered into a partnership in the Hungarian market with the...

Central Bank Hosts Budapest Renminbi Initiative Conference

The National Bank of Hungary (MNB) hosted the Budapest Renminbi Initiative Conference, which focused on financial interconnectivity and the green...

Judicial Reforms ‘Step Towards’ Unlocking EU Funds – Fitch

Recently approved legislation on the judiciary addressing concerns over the rule of law aired by the European Commission are "a...

Banks Offer Average Salary of HUF 550,000

Banks are offering an average salary of more than HUF 550,000 net per month and, despite the burdens on them,...

MBH Bank Completes Post-merger Transition

A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank...

Watchdog Fines Trustee Company Over Unlicensed Lending

The National Bank of Hungary (MNB) on Tuesday said it fined Primus Trust Asset Management Zrt. HUF 300 million for...

R&I Affirms Hungary BBB+ Rating

Japan's R&I has affirmed Hungary's BBB+ sovereign rating, "in spite of the perilous international environment", Finance Minister Mihály Varga said...

OTP AGM Approves HUF 300/share Dividend

Shareholders of OTP Bank, Hungary's biggest commercial lender, approved the payment of a HUF 300-per-share dividend at an annual general...

Erste Group Books Q1 Earnings of EUR 10 mln in Hungary

Austria's Erste Group booked a first-quarter net income of EUR 10 million at its business in Hungary, an earnings report...

Central Bank Preferences Boost Green Lending

Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last...

ÁKK Sells HUF 21 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount six-month T-bills at auction on Wednesday, raising its...

Policymakers Leave Base Rate on Hold, 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%,...

10 Banks Raising Fees on Retail Accounts

Ten banks will raise the fees of their retail accounts due to last year's inflation by May 1, which may...