Finance

Banking

MKB Fund Plows EUR 15 mln Into Opus Agribusiness

Listed holding company Opus Global on Friday announced a decision on a EUR 15 mln capital raise at its agribusiness...

Debt

ÁKK Sells HUF 44.5 bln of Bonds at Auction

The Government Debt Management Agency (ÁKK) sold HUF 44.5 billion of bonds at auction on Thursday, HUF 14.5 bln more...

Banking

Companies Borrow Close to HUF 200 bln in September

Non-financial companies borrowed a net HUF 197 billion from Hungarian banks in September, state news wire MTI reports, citing monthly...

Banking

Households Make Net Withdrawals From Bank Accounts in Sep

Households made net withdrawals of HUF 124 billion from their accounts at Hungarian banks in September, monthly data released by...

Ratings

Moody’s Changes Hungary Banking Sector Outlook to Negative

Moody's Investors Service on Wednesday changed the outlook for Hungary's banking sector to negative from stable, citing "lower profitability and...

Banking

OTP Bank Reducing Home Loan Products

OTP Bank is reducing the number of home loan products, according to profitline.hu....

Banking

Banking Assoc Criticizes Extension of Lending Rate Freeze to SMEs

"The high level of burdens on banks and the uncertainty caused by subsequent intervention in contractual relations has now reached...

Debt

Level of Public Debt may be Lower Than Planned

This year, the level of public debt may be much lower than planned due to accelerating inflation and strong economic...

Banking

EBRD Lending EUR 40 mln to Serbia’s Addiko Bank to Support SMEs

The European Bank for Reconstruction and Development said on Wednesday it will provide a loan of EUR 40 million to...

Banking

Central Bank Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

Banking

Gov’t Extends Lending Rate Freeze to Small Businesses

Hungary's government has decided to extend a freeze on lending rates to SMEs, Gergely Gulyás, the head of the Prime...

Ratings

Scope Downgrades Wellis as Demand for Hot Tubs Dries up

Scope Ratings on Thursday downgraded the issuer rating of Hungarian hot tub maker Wellis Magyarorszag to B- from BB- as...

Debt

ÁKK Sells HUF 55 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 55 billion of bonds at auction on Thursday, HUF 30 bln over...

Banking

OTP Marks Financial Education Foundation Milestone

OTP Bank, Hungary's biggest commercial lender, marked the 30th anniversary of the establishment of the OTP Fáy András Foundation on...

MNB

MNB Justifies ‘Close Monitoring’ of Lending Portfolio Quality

The quality of Hungarian banks' lending portfolio requires no macroprudential intervention at present, but "close monitoring is justified", the National...

Banking

MKB Fund Plows EUR 15 mln Into Opus Agribusiness

Listed holding company Opus Global on Friday announced a decision on a EUR 15 mln capital raise at its agribusiness...

Debt

ÁKK Sells HUF 44.5 bln of Bonds at Auction

The Government Debt Management Agency (ÁKK) sold HUF 44.5 billion of bonds at auction on Thursday, HUF 14.5 bln more...

Banking

Companies Borrow Close to HUF 200 bln in September

Non-financial companies borrowed a net HUF 197 billion from Hungarian banks in September, state news wire MTI reports, citing monthly...

Banking

Households Make Net Withdrawals From Bank Accounts in Sep

Households made net withdrawals of HUF 124 billion from their accounts at Hungarian banks in September, monthly data released by...

Ratings

Moody’s Changes Hungary Banking Sector Outlook to Negative

Moody's Investors Service on Wednesday changed the outlook for Hungary's banking sector to negative from stable, citing "lower profitability and...

Banking

OTP Bank Reducing Home Loan Products

OTP Bank is reducing the number of home loan products, according to profitline.hu....

Banking

Banking Assoc Criticizes Extension of Lending Rate Freeze to SMEs

"The high level of burdens on banks and the uncertainty caused by subsequent intervention in contractual relations has now reached...

Debt

Level of Public Debt may be Lower Than Planned

This year, the level of public debt may be much lower than planned due to accelerating inflation and strong economic...

Banking

EBRD Lending EUR 40 mln to Serbia’s Addiko Bank to Support SMEs

The European Bank for Reconstruction and Development said on Wednesday it will provide a loan of EUR 40 million to...

Banking

Central Bank Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

Banking

Gov’t Extends Lending Rate Freeze to Small Businesses

Hungary's government has decided to extend a freeze on lending rates to SMEs, Gergely Gulyás, the head of the Prime...

Ratings

Scope Downgrades Wellis as Demand for Hot Tubs Dries up

Scope Ratings on Thursday downgraded the issuer rating of Hungarian hot tub maker Wellis Magyarorszag to B- from BB- as...

Debt

ÁKK Sells HUF 55 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 55 billion of bonds at auction on Thursday, HUF 30 bln over...

Banking

OTP Marks Financial Education Foundation Milestone

OTP Bank, Hungary's biggest commercial lender, marked the 30th anniversary of the establishment of the OTP Fáy András Foundation on...

MNB

MNB Justifies ‘Close Monitoring’ of Lending Portfolio Quality

The quality of Hungarian banks' lending portfolio requires no macroprudential intervention at present, but "close monitoring is justified", the National...

MKB Fund Plows EUR 15 mln Into Opus Agribusiness

Listed holding company Opus Global on Friday announced a decision on a EUR 15 mln capital raise at its agribusiness...

ÁKK Sells HUF 44.5 bln of Bonds at Auction

The Government Debt Management Agency (ÁKK) sold HUF 44.5 billion of bonds at auction on Thursday, HUF 14.5 bln more...

Companies Borrow Close to HUF 200 bln in September

Non-financial companies borrowed a net HUF 197 billion from Hungarian banks in September, state news wire MTI reports, citing monthly...

Households Make Net Withdrawals From Bank Accounts in Sep

Households made net withdrawals of HUF 124 billion from their accounts at Hungarian banks in September, monthly data released by...

Moody’s Changes Hungary Banking Sector Outlook to Negative

Moody's Investors Service on Wednesday changed the outlook for Hungary's banking sector to negative from stable, citing "lower profitability and...

OTP Bank Reducing Home Loan Products

OTP Bank is reducing the number of home loan products, according to profitline.hu....

Banking Assoc Criticizes Extension of Lending Rate Freeze to SMEs

"The high level of burdens on banks and the uncertainty caused by subsequent intervention in contractual relations has now reached...

Level of Public Debt may be Lower Than Planned

This year, the level of public debt may be much lower than planned due to accelerating inflation and strong economic...

EBRD Lending EUR 40 mln to Serbia’s Addiko Bank to Support SMEs

The European Bank for Reconstruction and Development said on Wednesday it will provide a loan of EUR 40 million to...

Central Bank Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

Gov’t Extends Lending Rate Freeze to Small Businesses

Hungary's government has decided to extend a freeze on lending rates to SMEs, Gergely Gulyás, the head of the Prime...

Scope Downgrades Wellis as Demand for Hot Tubs Dries up

Scope Ratings on Thursday downgraded the issuer rating of Hungarian hot tub maker Wellis Magyarorszag to B- from BB- as...

ÁKK Sells HUF 55 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 55 billion of bonds at auction on Thursday, HUF 30 bln over...

OTP Marks Financial Education Foundation Milestone

OTP Bank, Hungary's biggest commercial lender, marked the 30th anniversary of the establishment of the OTP Fáy András Foundation on...

MNB Justifies ‘Close Monitoring’ of Lending Portfolio Quality

The quality of Hungarian banks' lending portfolio requires no macroprudential intervention at present, but "close monitoring is justified", the National...