Finance

Debt

ÁKK sells HUF 50 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

Romania’s public deficit shrinks in Jan-Feb

The public deficit has narrowed to RON 9.5 billion (EUR 1.9 billion) in January-February, 25% less compared to the same...

MNB

MNB extends EUR 4 bln ECB repo line 

The National Bank of Hungary (MNB) said the maturity of a EUR 4 bln repo line it has with the...

Banking

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

Banking

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

Banking

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Debt

Czech Republic’s foreign debt grew in 2021

The Czech Republic's foreign debt rose year-on-year by CZK 150,3 billion to nearly CZK 4,472 trillion (EUR 181.28 billion) in...

MNB

MNB raises 1-week deposit rate 30 bp to 6.15%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.15% ahead...

Debt

Serbia current account switches to deficit in Jan

Serbia's current account swung to a deficit of USD 164 million in January compared to a surplus of USD 304...

Debt

Hungary Q4 C/A deficit reaches EUR 2.452 bln, preliminary data show

Hungary's current account had a EUR 2.452 billion deficit in the fourth quarter of 2021, quarterly data released by the...

Trade

Bosnia’s trade gap widens in Jan-Feb

Bosnia's trade deficit rose 52% year-on-year to BAM 1.088 billion (EUR 557 million) in the first two months of this...

Banking

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

Debt

ÁKK sells HUF 50 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

Romania’s public deficit shrinks in Jan-Feb

The public deficit has narrowed to RON 9.5 billion (EUR 1.9 billion) in January-February, 25% less compared to the same...

MNB

MNB extends EUR 4 bln ECB repo line 

The National Bank of Hungary (MNB) said the maturity of a EUR 4 bln repo line it has with the...

Banking

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

Banking

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

Banking

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Debt

Czech Republic’s foreign debt grew in 2021

The Czech Republic's foreign debt rose year-on-year by CZK 150,3 billion to nearly CZK 4,472 trillion (EUR 181.28 billion) in...

MNB

MNB raises 1-week deposit rate 30 bp to 6.15%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.15% ahead...

Debt

Serbia current account switches to deficit in Jan

Serbia's current account swung to a deficit of USD 164 million in January compared to a surplus of USD 304...

Debt

Hungary Q4 C/A deficit reaches EUR 2.452 bln, preliminary data show

Hungary's current account had a EUR 2.452 billion deficit in the fourth quarter of 2021, quarterly data released by the...

Trade

Bosnia’s trade gap widens in Jan-Feb

Bosnia's trade deficit rose 52% year-on-year to BAM 1.088 billion (EUR 557 million) in the first two months of this...

Banking

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...

ÁKK sells HUF 50 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Romania’s public deficit shrinks in Jan-Feb

The public deficit has narrowed to RON 9.5 billion (EUR 1.9 billion) in January-February, 25% less compared to the same...

MNB extends EUR 4 bln ECB repo line 

The National Bank of Hungary (MNB) said the maturity of a EUR 4 bln repo line it has with the...

Albania hikes key interest rate 

The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as...

CIB group profits double in 2021

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an...

HUF 77.7 bln 2021 profit for MKB Bank 

MKB Bank had an after-tax profit of HUF 77.7 billion in 2021, adjusted for one-offs such as integration costs, up...

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Non-Performing Loans: Basics and Recent Developments

Both companies and individuals may, for various reasons, default on their bank loans. If this continues for a more extended...

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Czech Republic’s foreign debt grew in 2021

The Czech Republic's foreign debt rose year-on-year by CZK 150,3 billion to nearly CZK 4,472 trillion (EUR 181.28 billion) in...

MNB raises 1-week deposit rate 30 bp to 6.15%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.15% ahead...

Serbia current account switches to deficit in Jan

Serbia's current account swung to a deficit of USD 164 million in January compared to a surplus of USD 304...

Hungary Q4 C/A deficit reaches EUR 2.452 bln, preliminary data show

Hungary's current account had a EUR 2.452 billion deficit in the fourth quarter of 2021, quarterly data released by the...

Bosnia’s trade gap widens in Jan-Feb

Bosnia's trade deficit rose 52% year-on-year to BAM 1.088 billion (EUR 557 million) in the first two months of this...

Sberbank in talks to sell stake in Croatia’s Fortenova to Indotek

Russian lender Sberbank is in talks to sell its 44% stake in Croatia's largest privately-owned company Fortenova, the successor to...