Finance

Banking

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Banking

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

Banking

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

Trade

Surplus of External Trade in Services at EUR 2.69 bln in Q3

Hungary's surplus on external trade in goods stood at EUR 2.69 billion in Q3 2022, according to data published by...

Banking

MKB Q1-Q3 Earnings Climb 16%

Consolidated after-tax profit of MKB Bank rose 16% year-on-year to HUF 92.6 billion in Q1-Q3, an earnings report released on...

Banking

Erste Holds Bank Holiday for Commerzbank Portfolio Migration

Erste Bank Hungary is holding a bank holiday from 10:00 in the evening on December 1 until midnight on December...

Banking

EBRD Lends EUR 43 mln to Modernize Serbia Cargo’s Rail Fleet

The European Bank for Reconstruction and Development is stepping up its support for Serbia's rail sector by extending a EUR...

Banking

K&H Bank Fined for Irregularities

The National Bank of Hungary (MNB) on Friday said it fined K&H Bank HUF 48 million for shortcomings and violations...

Banking

OTP Completes EUR 650 mln International Bond Issue

OTP Bank, Hungary's biggest commercial lender, on Friday announced a EUR 650 million issue on the international bond market, according...

MNB

MNB Warns of ‘Harmful Consequences’ of Rate Caps

Interest rate caps the government has rolled out for households with mortgages and SMEs may reduce borrowers' repayment burden, but...

Banking

EBRD Provides Guarantees to OTP Units in Ukraine

The European Bank for Reconstruction and Development (EBRD) is providing unfunded risk-sharing facilities to back up to half of EUR...

Banking

Polish Banking Sector Net Profit Fell by 40% in Jan-Sep

The net profit of Poland's banking sector in January-September amounted to PLN 5.52 billion (EUR 1.17 billion), a decrease of...

Debt

Hungary State Debt Ratio Falls to 75.9% at End-Q3

Hungary's state debt relative to GDP reached 75.9% at the end of the third quarter, preliminary data released by the...

Banking

Erste Bank Taking Over Customers From Commerzbank

The Commerzbank HQ on the banks of the Danube at Széchenyi rakpart 8 in District V....

Banking

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Banking

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Banking

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

Banking

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

Trade

Surplus of External Trade in Services at EUR 2.69 bln in Q3

Hungary's surplus on external trade in goods stood at EUR 2.69 billion in Q3 2022, according to data published by...

Banking

MKB Q1-Q3 Earnings Climb 16%

Consolidated after-tax profit of MKB Bank rose 16% year-on-year to HUF 92.6 billion in Q1-Q3, an earnings report released on...

Banking

Erste Holds Bank Holiday for Commerzbank Portfolio Migration

Erste Bank Hungary is holding a bank holiday from 10:00 in the evening on December 1 until midnight on December...

Banking

EBRD Lends EUR 43 mln to Modernize Serbia Cargo’s Rail Fleet

The European Bank for Reconstruction and Development is stepping up its support for Serbia's rail sector by extending a EUR...

Banking

K&H Bank Fined for Irregularities

The National Bank of Hungary (MNB) on Friday said it fined K&H Bank HUF 48 million for shortcomings and violations...

Banking

OTP Completes EUR 650 mln International Bond Issue

OTP Bank, Hungary's biggest commercial lender, on Friday announced a EUR 650 million issue on the international bond market, according...

MNB

MNB Warns of ‘Harmful Consequences’ of Rate Caps

Interest rate caps the government has rolled out for households with mortgages and SMEs may reduce borrowers' repayment burden, but...

Banking

EBRD Provides Guarantees to OTP Units in Ukraine

The European Bank for Reconstruction and Development (EBRD) is providing unfunded risk-sharing facilities to back up to half of EUR...

Banking

Polish Banking Sector Net Profit Fell by 40% in Jan-Sep

The net profit of Poland's banking sector in January-September amounted to PLN 5.52 billion (EUR 1.17 billion), a decrease of...

Debt

Hungary State Debt Ratio Falls to 75.9% at End-Q3

Hungary's state debt relative to GDP reached 75.9% at the end of the third quarter, preliminary data released by the...

Banking

Erste Bank Taking Over Customers From Commerzbank

The Commerzbank HQ on the banks of the Danube at Széchenyi rakpart 8 in District V....

Households Continue to Make Net Withdrawals in October

Households made net withdrawals of HUF 179 billion from their accounts at Hungarian banks in October, monthly data released by...

Nagy: More Involvement in Insurance Market

Minister of Economic Development Márton Nagy told insurers to expect a "more active regulatory presence" in their market at a...

Companies Borrow HUF 256 bln in October

Non-financial companies borrowed net HUF 256 billion from Hungarian banks in October, according to monthly data released by the National...

MNB Allots HUF 2.135 tln of 2-month Deposits 

The National Bank of Hungary (MNB) allotted HUF 2.135 trillion of variable-rate two-month deposits at a tender on Wednesday, according...

Surplus of External Trade in Services at EUR 2.69 bln in Q3

Hungary's surplus on external trade in goods stood at EUR 2.69 billion in Q3 2022, according to data published by...

MKB Q1-Q3 Earnings Climb 16%

Consolidated after-tax profit of MKB Bank rose 16% year-on-year to HUF 92.6 billion in Q1-Q3, an earnings report released on...

Erste Holds Bank Holiday for Commerzbank Portfolio Migration

Erste Bank Hungary is holding a bank holiday from 10:00 in the evening on December 1 until midnight on December...

EBRD Lends EUR 43 mln to Modernize Serbia Cargo’s Rail Fleet

The European Bank for Reconstruction and Development is stepping up its support for Serbia's rail sector by extending a EUR...

K&H Bank Fined for Irregularities

The National Bank of Hungary (MNB) on Friday said it fined K&H Bank HUF 48 million for shortcomings and violations...

OTP Completes EUR 650 mln International Bond Issue

OTP Bank, Hungary's biggest commercial lender, on Friday announced a EUR 650 million issue on the international bond market, according...

MNB Warns of ‘Harmful Consequences’ of Rate Caps

Interest rate caps the government has rolled out for households with mortgages and SMEs may reduce borrowers' repayment burden, but...

EBRD Provides Guarantees to OTP Units in Ukraine

The European Bank for Reconstruction and Development (EBRD) is providing unfunded risk-sharing facilities to back up to half of EUR...

Polish Banking Sector Net Profit Fell by 40% in Jan-Sep

The net profit of Poland's banking sector in January-September amounted to PLN 5.52 billion (EUR 1.17 billion), a decrease of...

Hungary State Debt Ratio Falls to 75.9% at End-Q3

Hungary's state debt relative to GDP reached 75.9% at the end of the third quarter, preliminary data released by the...

Erste Bank Taking Over Customers From Commerzbank

The Commerzbank HQ on the banks of the Danube at Széchenyi rakpart 8 in District V....