Finance

Banking

OTP announces deal to set up Chinese JV

OTP Bank, Hungary's biggest commercial lender, on Friday said it agreed with partners to establish a consumer finance joint venture...

Banking

Write-downs weigh on banking sector profit in Q1 

After-tax profit of Hungary's banking sector fell 57% year-on-year to HUF 78 billion in the first quarter, dragged lower by...

MNB

MNB raises 1-week deposit rate 30 bp to 6.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.75% ahead...

Banking

Households continue to make net withdrawals in April

Households withdrew net HUF 21 billion from their bank accounts in April, two months after a tax rebate for families...

Trade

EUR 1.418 bln Q1 surplus in trade of services

Hungary had a EUR 1.418 billion surplus in the trade of services in the first quarter, widening from EUR 867...

Banking

Policymakers raise base rate 50 bp to 5.9%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 50...

MNB

MNB announces June dates for FX swap tenders

The National Bank of Hungary (MNB) on Friday announced the June dates for FX swap tenders providing euro liquidity and...

Debt

Romania’s Jan-Apr cons budget gap narrows

Romania's consolidated budget was in deficit equivalent to 1.23% of the gross domestic product (GDP) at the end of April,...

Banking

Gránit Bank assets up 20% last year

Total assets of Gránit Bank rose 20%, close to HUF 700 billion, last year, chairman-CEO Éva Hegedüs said after the...

MNB

MNB: War rewrites macroeconomic outlook

The Russo-Ukrainian war has rewritten the outlook for the macroeconomy and the banking system, new risks have emerged in the...

MNB

EIB, MNB Agreement Unlocks More Options for Financing Long-term Green Projects

The European Investment Bank and the Magyar Nemzeti Bank (the National Bank of Hungary or MNB) have signed an agreement...

Banking

MKB Q1 profit slips as integration costs rise

First-quarter after-tax profit of MKB Bank fell 12% year-on-year to HUF 23.5 billion as integration costs climbed, state news wire...

Banking

Romania’s annual bank deposits growth slows in Apr

The deposits of the non-governmental sector in Romanian banks grew 10.9% on the year to RON 480.6 billion (EUR 97.2...

MNB

MNB dep-gov flags smaller rate rise at May policy meeting

The pace of the central bank's tightening cycle could be "halved", National Bank of Hungary (MNB) deputy-governor Barnabas Virág told...

Banking

Czech household deposits fell in March

For the first time in nearly five years, there has been a decrease in Czech household bank deposits, Czech Radio's...

Banking

OTP announces deal to set up Chinese JV

OTP Bank, Hungary's biggest commercial lender, on Friday said it agreed with partners to establish a consumer finance joint venture...

Banking

Write-downs weigh on banking sector profit in Q1 

After-tax profit of Hungary's banking sector fell 57% year-on-year to HUF 78 billion in the first quarter, dragged lower by...

MNB

MNB raises 1-week deposit rate 30 bp to 6.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.75% ahead...

Banking

Households continue to make net withdrawals in April

Households withdrew net HUF 21 billion from their bank accounts in April, two months after a tax rebate for families...

Trade

EUR 1.418 bln Q1 surplus in trade of services

Hungary had a EUR 1.418 billion surplus in the trade of services in the first quarter, widening from EUR 867...

Banking

Policymakers raise base rate 50 bp to 5.9%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 50...

MNB

MNB announces June dates for FX swap tenders

The National Bank of Hungary (MNB) on Friday announced the June dates for FX swap tenders providing euro liquidity and...

Debt

Romania’s Jan-Apr cons budget gap narrows

Romania's consolidated budget was in deficit equivalent to 1.23% of the gross domestic product (GDP) at the end of April,...

Banking

Gránit Bank assets up 20% last year

Total assets of Gránit Bank rose 20%, close to HUF 700 billion, last year, chairman-CEO Éva Hegedüs said after the...

MNB

MNB: War rewrites macroeconomic outlook

The Russo-Ukrainian war has rewritten the outlook for the macroeconomy and the banking system, new risks have emerged in the...

MNB

EIB, MNB Agreement Unlocks More Options for Financing Long-term Green Projects

The European Investment Bank and the Magyar Nemzeti Bank (the National Bank of Hungary or MNB) have signed an agreement...

Banking

MKB Q1 profit slips as integration costs rise

First-quarter after-tax profit of MKB Bank fell 12% year-on-year to HUF 23.5 billion as integration costs climbed, state news wire...

Banking

Romania’s annual bank deposits growth slows in Apr

The deposits of the non-governmental sector in Romanian banks grew 10.9% on the year to RON 480.6 billion (EUR 97.2...

MNB

MNB dep-gov flags smaller rate rise at May policy meeting

The pace of the central bank's tightening cycle could be "halved", National Bank of Hungary (MNB) deputy-governor Barnabas Virág told...

Banking

Czech household deposits fell in March

For the first time in nearly five years, there has been a decrease in Czech household bank deposits, Czech Radio's...

OTP announces deal to set up Chinese JV

OTP Bank, Hungary's biggest commercial lender, on Friday said it agreed with partners to establish a consumer finance joint venture...

Write-downs weigh on banking sector profit in Q1 

After-tax profit of Hungary's banking sector fell 57% year-on-year to HUF 78 billion in the first quarter, dragged lower by...

MNB raises 1-week deposit rate 30 bp to 6.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.75% ahead...

Households continue to make net withdrawals in April

Households withdrew net HUF 21 billion from their bank accounts in April, two months after a tax rebate for families...

EUR 1.418 bln Q1 surplus in trade of services

Hungary had a EUR 1.418 billion surplus in the trade of services in the first quarter, widening from EUR 867...

Policymakers raise base rate 50 bp to 5.9%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 50...

MNB announces June dates for FX swap tenders

The National Bank of Hungary (MNB) on Friday announced the June dates for FX swap tenders providing euro liquidity and...

Romania’s Jan-Apr cons budget gap narrows

Romania's consolidated budget was in deficit equivalent to 1.23% of the gross domestic product (GDP) at the end of April,...

Gránit Bank assets up 20% last year

Total assets of Gránit Bank rose 20%, close to HUF 700 billion, last year, chairman-CEO Éva Hegedüs said after the...

MNB: War rewrites macroeconomic outlook

The Russo-Ukrainian war has rewritten the outlook for the macroeconomy and the banking system, new risks have emerged in the...

EIB, MNB Agreement Unlocks More Options for Financing Long-term Green Projects

The European Investment Bank and the Magyar Nemzeti Bank (the National Bank of Hungary or MNB) have signed an agreement...

MKB Q1 profit slips as integration costs rise

First-quarter after-tax profit of MKB Bank fell 12% year-on-year to HUF 23.5 billion as integration costs climbed, state news wire...

Romania’s annual bank deposits growth slows in Apr

The deposits of the non-governmental sector in Romanian banks grew 10.9% on the year to RON 480.6 billion (EUR 97.2...

MNB dep-gov flags smaller rate rise at May policy meeting

The pace of the central bank's tightening cycle could be "halved", National Bank of Hungary (MNB) deputy-governor Barnabas Virág told...

Czech household deposits fell in March

For the first time in nearly five years, there has been a decrease in Czech household bank deposits, Czech Radio's...