Finance

Banking

CIB Group Earnings Double in 2022

CIB group's after-tax profit rose 128% to HUF 36.1 billion last year, the lender said on Thursday, according to a...

Banking

Magyar Bankholding Prepares for Final Merger With Good Results

The chief business officer of individual services at Hungarian Bankholding, Levente Szabó, reveals the details behind strong corporate lending results...

Banking

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

MNB

Ministry of Justice Joins MNB’s CyberShield Program

The Ministry of Justice has joined a campaign launched by the National Bank of Hungary (MNB) to educate and inform...

Banking

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Banking

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Banking

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Debt

ÁKK Sells HUF 30 bln in T-bills

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount treasury bills at auction on Tuesday, as planned,...

Banking

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Banking

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

Banking

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

Banking

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

Banking

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Debt

ÁKK Rolls out New Retail Euro Gov’t Security

The Government Debt Management Agency (ÁKK) on Thursday announced the launch of a new retail government security denominated in euros...

Trade

Deficit on External Trade in Goods at EUR 165 mln in January

Hungary's external trade in goods deficit amounted to EUR 165 million in January 2023, according to data published by the...

Banking

CIB Group Earnings Double in 2022

CIB group's after-tax profit rose 128% to HUF 36.1 billion last year, the lender said on Thursday, according to a...

Banking

Magyar Bankholding Prepares for Final Merger With Good Results

The chief business officer of individual services at Hungarian Bankholding, Levente Szabó, reveals the details behind strong corporate lending results...

Banking

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

MNB

Ministry of Justice Joins MNB’s CyberShield Program

The Ministry of Justice has joined a campaign launched by the National Bank of Hungary (MNB) to educate and inform...

Banking

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Banking

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Banking

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

Debt

ÁKK Sells HUF 30 bln in T-bills

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount treasury bills at auction on Tuesday, as planned,...

Banking

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Banking

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

Banking

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

Banking

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

Banking

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

Debt

ÁKK Rolls out New Retail Euro Gov’t Security

The Government Debt Management Agency (ÁKK) on Thursday announced the launch of a new retail government security denominated in euros...

Trade

Deficit on External Trade in Goods at EUR 165 mln in January

Hungary's external trade in goods deficit amounted to EUR 165 million in January 2023, according to data published by the...

CIB Group Earnings Double in 2022

CIB group's after-tax profit rose 128% to HUF 36.1 billion last year, the lender said on Thursday, according to a...

Magyar Bankholding Prepares for Final Merger With Good Results

The chief business officer of individual services at Hungarian Bankholding, Levente Szabó, reveals the details behind strong corporate lending results...

Gov’t Extends Deposit Rate Cap Till End-June

Hungary's government has decided to extend a cap on interest rates on deposits of financial companies and some private individuals...

Ministry of Justice Joins MNB’s CyberShield Program

The Ministry of Justice has joined a campaign launched by the National Bank of Hungary (MNB) to educate and inform...

Hungarian ‘Money Week’ Program Reaches 1.5 mln Students 

Pénz7, an annual program attached to the European Money Week initiative that seeks to foster the financial savvy of Hungarian...

Hungary Banking System ‘Strong’, ‘Stable’ – Varga

Finance Minister Mihaly Varga said Hungary's banking sector is "strong and in good working order" in spite of the worsening...

Aegon, OTP Fund Managers Segregate Illiquid Russian Assets

The fund managers of Aegon and OTP are segregating illiquid assets in their Russian equities funds, the National Bank of...

ÁKK Sells HUF 30 bln in T-bills

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount treasury bills at auction on Tuesday, as planned,...

Value of Bank Card Purchases Rises 32% in Q4 

The value of purchases in Hungary made with locally-issued bank cards climbed 32% year-on-year to HUF 3.584 tln in the...

Lenders Refund Rest of Contribution to Cover Sberbank Depositor Comp

The board of Hungary's National Deposit Insurance Fund (OBA) has decided to refund the rest of a HUF 73.5 billion...

MNB O/N Deposits, Bonds Soak up Banking Sector Liquidity in Feb

The average stock of National Bank of Hungary (MNB) O/N deposits allocated at daily quick tenders and of central bank...

MNB Issues Another Caveat for Revolut Clients

The National Bank of Hungary (MNB) on Monday repeated a warning concerning the lack of local deposit insurance and legal...

One-offs Weigh on OTP Earnings

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year...

ÁKK Rolls out New Retail Euro Gov’t Security

The Government Debt Management Agency (ÁKK) on Thursday announced the launch of a new retail government security denominated in euros...

Deficit on External Trade in Goods at EUR 165 mln in January

Hungary's external trade in goods deficit amounted to EUR 165 million in January 2023, according to data published by the...