Finance

MNB

MNB international reserves fall EUR 714 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 37.56 bln at the end of October, down...

Banking

Czech central bank hikes key rate again

The Czech central bank raised its key interest rate further and the increase was more than expected, citing the outlook...

Banking

Lenders’ stock of baby support loans at HUF 1.462 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.462 trillion at the end of September, up HUF...

Banking

Polish c. bank raises interest rate as prices surge 

The National Bank of Poland raised its benchmark reference rate by 75 basis points to 1.25% on Wednesday. It was...

Banking

OTP signs UN Principles for Responsible Banking

OTP Bank on Friday said it became the first Hungarian lender to sign the UN Principles for Responsible Banking, a...

Banking

Romanians save on average EUR 58 monthly

Romanians save on average RON 309 per month (some EUR 58) on an average, net salary of RON 3,541 (a...

Banking

Sberbank Europe to part with Hungarian unit

Russian-owned Sberbank Europe on Wednesday said it agreed to sell a number of its businesses in Central and Eastern Europe...

MNB

Rate-setters ditch baseline inflation scenario

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that the inflation path had shifted from...

Trade

Export growth slows in August

Hungary's export growth slowed further in August as shutdowns because of supply chain interruptions caused the output of the automotive...

MNB

MNB buys HUF 37 bln in gov’t QE securities

The National Bank of Hungary (MNB) bought HUF 37 billion of government securities under its quantitative easing program in the...

Banking

Romanian c. bank FX reserves fall in Oct

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 39.843 billion at the end of...

Banking

Erste Group books EUR 120 mln net profit in Q1-Q3

Erste Group, including Erste Bank Hungary, had EUR 120 million net profit in Hungary in January-September 2021, up from EUR...

Banking

Takarékbank clients ask for HUF 5 bln under Green Home Program

Clients of Takarékbank have submitted applications for HUF 5 billion of mortgage loans in the framework of the Green Home...

MNB

Growth Prospects Look Good, Despite Some Dark Clouds

It is a “realistic expectation” that Hungary’s economy could grow by 5-6% in 2022, Minister of Finance Mihály Varga told...

Banking

2% of Magyar Bankholding clients remain in repayment moratorium

Around 2% of the retail and corporate clients of Magyar Bankholding's members, Budapest Bank, MKB Bank, and Takarékbank, have opted...

MNB

MNB international reserves fall EUR 714 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 37.56 bln at the end of October, down...

Banking

Czech central bank hikes key rate again

The Czech central bank raised its key interest rate further and the increase was more than expected, citing the outlook...

Banking

Lenders’ stock of baby support loans at HUF 1.462 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.462 trillion at the end of September, up HUF...

Banking

Polish c. bank raises interest rate as prices surge 

The National Bank of Poland raised its benchmark reference rate by 75 basis points to 1.25% on Wednesday. It was...

Banking

OTP signs UN Principles for Responsible Banking

OTP Bank on Friday said it became the first Hungarian lender to sign the UN Principles for Responsible Banking, a...

Banking

Romanians save on average EUR 58 monthly

Romanians save on average RON 309 per month (some EUR 58) on an average, net salary of RON 3,541 (a...

Banking

Sberbank Europe to part with Hungarian unit

Russian-owned Sberbank Europe on Wednesday said it agreed to sell a number of its businesses in Central and Eastern Europe...

MNB

Rate-setters ditch baseline inflation scenario

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that the inflation path had shifted from...

Trade

Export growth slows in August

Hungary's export growth slowed further in August as shutdowns because of supply chain interruptions caused the output of the automotive...

MNB

MNB buys HUF 37 bln in gov’t QE securities

The National Bank of Hungary (MNB) bought HUF 37 billion of government securities under its quantitative easing program in the...

Banking

Romanian c. bank FX reserves fall in Oct

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 39.843 billion at the end of...

Banking

Erste Group books EUR 120 mln net profit in Q1-Q3

Erste Group, including Erste Bank Hungary, had EUR 120 million net profit in Hungary in January-September 2021, up from EUR...

Banking

Takarékbank clients ask for HUF 5 bln under Green Home Program

Clients of Takarékbank have submitted applications for HUF 5 billion of mortgage loans in the framework of the Green Home...

MNB

Growth Prospects Look Good, Despite Some Dark Clouds

It is a “realistic expectation” that Hungary’s economy could grow by 5-6% in 2022, Minister of Finance Mihály Varga told...

Banking

2% of Magyar Bankholding clients remain in repayment moratorium

Around 2% of the retail and corporate clients of Magyar Bankholding's members, Budapest Bank, MKB Bank, and Takarékbank, have opted...

MNB international reserves fall EUR 714 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 37.56 bln at the end of October, down...

Czech central bank hikes key rate again

The Czech central bank raised its key interest rate further and the increase was more than expected, citing the outlook...

Lenders’ stock of baby support loans at HUF 1.462 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.462 trillion at the end of September, up HUF...

Polish c. bank raises interest rate as prices surge 

The National Bank of Poland raised its benchmark reference rate by 75 basis points to 1.25% on Wednesday. It was...

OTP signs UN Principles for Responsible Banking

OTP Bank on Friday said it became the first Hungarian lender to sign the UN Principles for Responsible Banking, a...

Romanians save on average EUR 58 monthly

Romanians save on average RON 309 per month (some EUR 58) on an average, net salary of RON 3,541 (a...

Sberbank Europe to part with Hungarian unit

Russian-owned Sberbank Europe on Wednesday said it agreed to sell a number of its businesses in Central and Eastern Europe...

Rate-setters ditch baseline inflation scenario

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that the inflation path had shifted from...

Export growth slows in August

Hungary's export growth slowed further in August as shutdowns because of supply chain interruptions caused the output of the automotive...

MNB buys HUF 37 bln in gov’t QE securities

The National Bank of Hungary (MNB) bought HUF 37 billion of government securities under its quantitative easing program in the...

Romanian c. bank FX reserves fall in Oct

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 39.843 billion at the end of...

Erste Group books EUR 120 mln net profit in Q1-Q3

Erste Group, including Erste Bank Hungary, had EUR 120 million net profit in Hungary in January-September 2021, up from EUR...

Takarékbank clients ask for HUF 5 bln under Green Home Program

Clients of Takarékbank have submitted applications for HUF 5 billion of mortgage loans in the framework of the Green Home...

Growth Prospects Look Good, Despite Some Dark Clouds

It is a “realistic expectation” that Hungary’s economy could grow by 5-6% in 2022, Minister of Finance Mihály Varga told...

2% of Magyar Bankholding clients remain in repayment moratorium

Around 2% of the retail and corporate clients of Magyar Bankholding's members, Budapest Bank, MKB Bank, and Takarékbank, have opted...