Finance

Banking

1/4 of Farm Sector Borrowers Join Repayment Moratorium

Around one-quarter of eligible farm sector borrowers have joined a repayment moratorium started in September, the National Bank of Hungary...

MNB

Watchdog Fines OTT-ONE, Threatens Delisting

The National Bank of Hungary (MNB) on Wednesday said it fined listed IT company OTT-ONE HUF 2 million for repeated...

Banking

K&H Bank Q1-Q3 Profit Falls 48%

After-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 48% year-on-year to HUF 31 billion in Q1-Q3,...

Banking

Policy Tools Reduce HUF Liquidity of Banking Sector in Oct

Sterilization instruments rolled out by central bank policymakers in October caused forint liquidity in the banking sector to narrow during...

Debt

Hungary Issues EUR 1 bln Green Eurobond

Hungary issued a EUR 1 billion green eurobond on Monday, the Government Debt Management Agency (ÁKK) said, according to a...

MNB

MNB Fines CreditLure for Unlicenced Activities

The National Bank of Hungary (MNB) on Monday said it fined CreditLure HUF 43 million for providing unlicensed financial services,...

Banking

OTP Could Announce Uzbek Acquisition Soon – Orbán

Prime Minister Viktor Orbán said OTP Bank, Hungary's biggest commercial lender, could announce soon the acquisition of a lender in...

Trade

Slovakia Trade Deficit Widens in Sep

Slovakia's trade deficit increased to EUR 473.3 million in September from EUR 83.3 million in the same month last year,...

Banking

EBRD Lending EUR 9 mln to Bosnia’s Raiffeisen Bank in SME Support

The European Bank for Reconstruction and Development said it is providing a EUR 9 million loan to Bosnia and Herzegovina's...

Debt

HUF 101.3 bln Budget Surplus in October

Hungary had a HUF 101.3 billion budget surplus for October, Minister of Finance Mihály Varga said in a post on...

Banking

OTP Q3 Earnings Climb 57%

Consolidated third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 57% to HUF 189.2 billion as margins improved...

Banking

Erste Bank Hungary Earnings Fall 59% in Q1-Q3

After-tax profit of Austrian-owned Erste Bank Hungary fell 59% year-on-year to HUF 18.3 billion in Q1-Q3, chairman-CEO Radovan Jelasity said...

MNB

MNB Int’l Reserves Fall EUR 1.856 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.884 bln at the end of October, down...

Banking

Loan Officers Survey Points to Tighter Corporate Credit Conditions

About 71% of Hungarian banks expect to tighten conditions for corporate credit in Q4 2022 and Q1 2023, the latest...

MNB

MNB Fines 9 Banks HUF 18 mln

Based on an investigation by the National Bank of Hungary (MNB), the banking sector was able to comply with the...

Banking

1/4 of Farm Sector Borrowers Join Repayment Moratorium

Around one-quarter of eligible farm sector borrowers have joined a repayment moratorium started in September, the National Bank of Hungary...

MNB

Watchdog Fines OTT-ONE, Threatens Delisting

The National Bank of Hungary (MNB) on Wednesday said it fined listed IT company OTT-ONE HUF 2 million for repeated...

Banking

K&H Bank Q1-Q3 Profit Falls 48%

After-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 48% year-on-year to HUF 31 billion in Q1-Q3,...

Banking

Policy Tools Reduce HUF Liquidity of Banking Sector in Oct

Sterilization instruments rolled out by central bank policymakers in October caused forint liquidity in the banking sector to narrow during...

Debt

Hungary Issues EUR 1 bln Green Eurobond

Hungary issued a EUR 1 billion green eurobond on Monday, the Government Debt Management Agency (ÁKK) said, according to a...

MNB

MNB Fines CreditLure for Unlicenced Activities

The National Bank of Hungary (MNB) on Monday said it fined CreditLure HUF 43 million for providing unlicensed financial services,...

Banking

OTP Could Announce Uzbek Acquisition Soon – Orbán

Prime Minister Viktor Orbán said OTP Bank, Hungary's biggest commercial lender, could announce soon the acquisition of a lender in...

Trade

Slovakia Trade Deficit Widens in Sep

Slovakia's trade deficit increased to EUR 473.3 million in September from EUR 83.3 million in the same month last year,...

Banking

EBRD Lending EUR 9 mln to Bosnia’s Raiffeisen Bank in SME Support

The European Bank for Reconstruction and Development said it is providing a EUR 9 million loan to Bosnia and Herzegovina's...

Debt

HUF 101.3 bln Budget Surplus in October

Hungary had a HUF 101.3 billion budget surplus for October, Minister of Finance Mihály Varga said in a post on...

Banking

OTP Q3 Earnings Climb 57%

Consolidated third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 57% to HUF 189.2 billion as margins improved...

Banking

Erste Bank Hungary Earnings Fall 59% in Q1-Q3

After-tax profit of Austrian-owned Erste Bank Hungary fell 59% year-on-year to HUF 18.3 billion in Q1-Q3, chairman-CEO Radovan Jelasity said...

MNB

MNB Int’l Reserves Fall EUR 1.856 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.884 bln at the end of October, down...

Banking

Loan Officers Survey Points to Tighter Corporate Credit Conditions

About 71% of Hungarian banks expect to tighten conditions for corporate credit in Q4 2022 and Q1 2023, the latest...

MNB

MNB Fines 9 Banks HUF 18 mln

Based on an investigation by the National Bank of Hungary (MNB), the banking sector was able to comply with the...

1/4 of Farm Sector Borrowers Join Repayment Moratorium

Around one-quarter of eligible farm sector borrowers have joined a repayment moratorium started in September, the National Bank of Hungary...

Watchdog Fines OTT-ONE, Threatens Delisting

The National Bank of Hungary (MNB) on Wednesday said it fined listed IT company OTT-ONE HUF 2 million for repeated...

K&H Bank Q1-Q3 Profit Falls 48%

After-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 48% year-on-year to HUF 31 billion in Q1-Q3,...

Policy Tools Reduce HUF Liquidity of Banking Sector in Oct

Sterilization instruments rolled out by central bank policymakers in October caused forint liquidity in the banking sector to narrow during...

Hungary Issues EUR 1 bln Green Eurobond

Hungary issued a EUR 1 billion green eurobond on Monday, the Government Debt Management Agency (ÁKK) said, according to a...

MNB Fines CreditLure for Unlicenced Activities

The National Bank of Hungary (MNB) on Monday said it fined CreditLure HUF 43 million for providing unlicensed financial services,...

OTP Could Announce Uzbek Acquisition Soon – Orbán

Prime Minister Viktor Orbán said OTP Bank, Hungary's biggest commercial lender, could announce soon the acquisition of a lender in...

Slovakia Trade Deficit Widens in Sep

Slovakia's trade deficit increased to EUR 473.3 million in September from EUR 83.3 million in the same month last year,...

EBRD Lending EUR 9 mln to Bosnia’s Raiffeisen Bank in SME Support

The European Bank for Reconstruction and Development said it is providing a EUR 9 million loan to Bosnia and Herzegovina's...

HUF 101.3 bln Budget Surplus in October

Hungary had a HUF 101.3 billion budget surplus for October, Minister of Finance Mihály Varga said in a post on...

OTP Q3 Earnings Climb 57%

Consolidated third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 57% to HUF 189.2 billion as margins improved...

Erste Bank Hungary Earnings Fall 59% in Q1-Q3

After-tax profit of Austrian-owned Erste Bank Hungary fell 59% year-on-year to HUF 18.3 billion in Q1-Q3, chairman-CEO Radovan Jelasity said...

MNB Int’l Reserves Fall EUR 1.856 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.884 bln at the end of October, down...

Loan Officers Survey Points to Tighter Corporate Credit Conditions

About 71% of Hungarian banks expect to tighten conditions for corporate credit in Q4 2022 and Q1 2023, the latest...

MNB Fines 9 Banks HUF 18 mln

Based on an investigation by the National Bank of Hungary (MNB), the banking sector was able to comply with the...