Provident Financial Ltd. has been a leading player in the personal loan market in Hungary for a quarter of a century now. The CEO of the company, Viktor Boczán, who has been with Provident in different positions and in different countries for also 25 years, explains to Diplomacy&Trade how Provident can maintain a long-term, predictable […]
Provident Financial Ltd. was among the award winners for the 12th time in the history of the 2026 ‘Excellence in Customer Service’ competition, taking first place in both in-person and telephone customer service. This double victory is particularly strong validation of the company’s multi-year development programs: it outperformed dozens of major domestic companies in the […]
Surety stock of Garantiqa, a guarantor controlled by the Hungarian state, reached HUF 2,738 billion at the end of 2025, chairman-CEO István Attila Szabó is quoted by MTI as saying. The guarantees were on HUF 3,531 billion of credit, the chairman-CEO stated. Garantiqa has close to 72,000 contracts with more than 54,000 companies. The company […]
The National Bank of Hungary (MNB) has updated its guidelines for the integration of environmental, social and governance (ESG) risks into banks' regular risk management framework, the central bank and financial market watchdog said on Monday. In applying the updated recommendation, institutions must adapt their operations and decision-making processes to the changed regulatory environment. This […]
Real estate development firm WING's last bond package with a nominal value of EUR 34.8 million received purchase offers totaling EUR 57.64 million, with a fixed interest rate of 6%. With this, WING further strengthened its presence on the capital market and initiated the listing of the WINGHOLDING 2029/I bond on the Budapest Stock Exchange. […]
The Mastercard – Bank of the Year competition, which has become a key professional event in the domestic banking sector over the past two decades, was held for the twentieth time, with the top prize going to OTP Bank. This year, the competition was revamped, with the organizers dividing the nine categories into three segments […]
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, […]
