The value of financial fraud in Hungary is on the decline, but still high, at around HUF 5 billion per quarter, Lajos Bartha, a managing director at the National Bank of Hungary (NBH) said at a conference in Budapest, MTI reports. The managing director told the Financial Fraud Summit 2026 that the value of fraudulent […]
MBH Bank, Hungary's second-biggest commercial lender, on Monday announced that it will issue a EUR 500m five-year bond on February 2. Investors had offered to subscribe EUR 2.2 billion of the MREL (Minimum Requirement for own funds and Eligible Liabilities)-eligible funding, more than four times higher than the original offer, MBH said. During the transaction, […]
Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]
In the third quarter of 2025, the amount of loans granted to Hungarian households exceeded the amount of repayments. The amount of loans to households amounted to HUF 12,324 billion in gross book value, indicating a rise of 3.0 per cent from the previous quarter. The share of the stock of loans more than 90 […]
A new, comprehensive financing option called the Green Momentum Loan Program is available from the Hungarian Development Bank (MFB). The program, which has a budget of approximately HUF 30 billion and consists of investment loans and working capital loans, aims to promote the transition of domestic businesses and organizations to sustainable operations, technological renewal and […]
Global fund management company Janus Henderson is establishing its new business service center (BSC) in Budapest, further strengthening Hungary's position as one of the leading business service locations in the region, according to the Hungarian Investment Promotion Agency (HIPA). The London-based company, which manages almost USD 500 billion in assets, will create 400 jobs in […]
For the third year running, Hungary's OTP Bank has made the first place on The Banker magazine’s 'Top 100 CEE Banks' ranking, the Hungarian lender told MTI on Monday. OTP noted that it also made the top place on the national list in Hungary, and its subsidiary DSK Bank took the first place in Bulgaria. […]
The majority of the population considers it important to prepare in advance for Christmas expenses, according to a recent survey by Provident Financial Ltd. However, the research also points out that many people are only able to set aside money for holiday expenses on an ad hoc basis. The Christmas season is particularly important in […]
The Hungarian banking sector's stability indicators remain favourable, the sector is characterised by high shock absorbing capability, while risks are increasing in the real estate markets, the National Bank of Hungary (MNB) says in its report published this Tuesday. Presenting the latest biannual Financial Stability Report, Ádám Banai, a managing director at the central bank, […]
The growth in voluntary pension fund contributions and membership continued unabated in the third quarter. Pension funds generated returns above inflation in the first nine months of the year, according to the National Association of Voluntary Funds (ÖPOSZ). ÖPOSZ's latest sector analysis highlights that, following the positive turnaround a year ago, the number of members […]
At the end of September, the Erste Group in Hungary managed over HUF 10 trillion in client assets, with the total value of retail investments and deposits exceeding HUF 7 trillion, Erste told MTI on Wednesday. According to the information provided, Erste's operating income in the first nine months of 2025, based on statements prepared […]
The Mastercard Digital Payment Index (DFI) rose by 12 points over five years, reaching 63 points in Hungary last year, according to Mastercard's latest report released to MTI on Tuesday. The driving force behind this growth was the efforts of market players to develop digital payment infrastructure, as well as favorable changes in the regulatory […]
The past few months have brought significant changes in the financial well-being and expectations of the Hungarian population: according to the latest data from the Provident Barometer survey, there has been a dramatic increase in the proportion of people concerned about the existential uncertainty of their retirement years, and short-term economic expectations have also deteriorated […]
National Bank of Hungary (MNB) governor Mihály Varga has signed a partnership agreement with his counterpart from the Bank of Korea during a visit to Basel, the MNB told MTI on Monday. The agreement creates opportunities for knowledge sharing and joint research between central banks, primarily in the field of digital financial innovations, the MNB […]
The fall series of two programs organized jointly by Provident Financial Ltd. and Semmelweis University continued in the town of Martfű in eastern Hungary. The aim of the series is to provide the older generation with useful knowledge in the areas of financial security and health preservation in a way that is easy to understand, […]
