Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an earnings report released before the opening bell on Tuesday shows, state news wire MTI reported.
K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the lender said on Monday. Including extraordinary items, net income rose almost 5%, state news wire MTI reported.
Assets of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) reached HUF 6,378 billion at the end of April, up 2% year-on-year, fresh data from the association show, state news agency MTI reported.
The Government Debt Management Agency (ÁKK) sold HUF 35.5 billion of bonds maturing in 2026 and 2028, accepting securities expiring in 2020 as payment, at a switch auction on Wednesday, state news wire MTI reported.
Hungaryʼs National Deposit Insurance Fund (OBA) said it will buy back the last tranche of a HUF 107.7 billion bond issued to pay back a bridging loan from the National Bank of Hungary (MNB) in 2015, state news wire MTI reported.
Forint liquidity of the Hungarian banking sector fell in April, reflected mainly in a decrease in the average stock of lendersʼ overnight deposits, the National Bank of Hungary (MNB) said in a monthly report on Tuesday, state news wire MTI reported.
First-quarter after-tax profit of OTP Bank climbed 12% year-on-year to HUF 72.6 billion, lifted by the consolidation of acquisitions, an earnings report released early Friday shows, state news wire MTI reported.
Takarékbank Zrt., the new universal commercial bank of Hungaryʼs integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungaryʼs 19 counties, as well as the capital, state news agency MTI reported.
Hungarian banks signed contracts for HUF 76.3 billion of new home loans in March, 26.5% more than in the same month a year earlier and 21.8% more than in February, data released by the National Bank of Hungary (MNB) shows, state news wire MTI reported.
The corporate lending stock of Hungarian banks rose in March from the previous month mainly due to transactions, show fresh data from the National Bank of Hungary (MNB), state news wire MTI reported Monday.
OTP Bank on Friday said it signed an agreement to acquire a 99.73% stake in SKB Banka, the Slovenian subsidiary of Franceʼs Société Générale Group and other local units held by SKB Banka, state news wire MTI reports.
The Government Debt Management Agency (ÁKK) sold a combined HUF 30.5 billion of securities at auction on Thursday, less than the original planned amount as its offer of five-year floaters was undersubscribed, state news wire MTI reported.
The National Bank of Hungary (MNB) will require securities it buys as part of a HUF 300 billion corporate bond purchase scheme to be listed on the Budapest Stock Exchange (BÉT), details of the program published on Tuesday show.
The Monetary Council of the National Bank of Hungary (MNB) left both the central bank base rate and overnight deposit rate unchanged at 0.90% and -0.05%, respectively, at a monthly policy meeting on Tuesday, state news agency MTI reported.
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