The financial situation of the Hungarian population is slowly improving, and with it the willingness to take out loans has also started to increase, according to data from a national survey commissioned by Provident Financial Ltd. Although demand for credit has fluctuated over the past few years, along with consumer confidence, both are currently on […]

The CIB Group's profit after tax increased by 14.1% to HUF 71.905 billion and its balance sheet total increased by 4.4% to HUF 3,463.21 billion in the financial year 2024, the banking group announced to MTI on Tuesday. According to the statement, the outstanding results provide a solid basis for CIB Group to significantly exceed […]

MBH Bank Plc. achieved outstanding financial results in 2024, with significant growth: its balance sheet total increased by 12.6% to HUF 12,504.7 billion, and its adjusted profit after tax remained stable at HUF 236 billion, Péter Krizsanovich, Deputy CEO of the bank responsible for strategy and finance, said at a press conference in Budapest on […]

Almost half of people do not feel confident enough when it comes to making financial decisions, according to the 2024 Hungarian survey by Provident Financial Services Ltd. No one is born knowing how to manage money. However, psychologists and financial experts agree that laying the foundations of money management awareness from an early age will […]

The new leadership of the National Bank of Hungary (MNB) is committed to reducing inflation, and its primary goal is to achieve and maintain price stability, the new governor of the central bank, Mihály Varga said at the opening conference of the Hungarian Chamber of Commerce and Industry in Budapest. According to statement by MNB, […]

Based on the responses in in the latest quarterly Bank Sentiment Survey by the National Bank of Hungary (MNB), the banking system perceived a slight deterioration in the economic environment in 2024 H2. According to the banks, the tightening of the regulatory environment, the increase in operating expenses, the decrease in the level of profitability […]

Young adults' expectations of financial services differ from those of middle-aged and older adults in many areas. They favor mobile platforms that are available 24 hours a day, from anywhere, and base their major decisions on "finfluencers", often contemporary influencers who are knowledgeable about finance. Three quarters of Provident's Generation Z customers interact exclusively online […]

January 28 is International Data Privacy Day, and Provident Financial Ltd. wishes to raise awareness among older people of the importance of online consciousness, the lack of which can have financial consequences.  Over the past 10-15 years, the digital revolution has fundamentally changed the lives of the older generation. They don't have to wait hours […]

There was strong investor interest in MBH Bank Plc's new international MREL-eligible bond 2025 on January 21, according to the financial institution. A total of more than EUR 1.6 billion was offered by investors, which is more than three times the minimum target set at the start of the offering, the bank told MTI on […]

Although people are becoming more financially aware, stress caused by financial challenges is still present among those in worse than average financial situations, according to a survey by Provident Financial Ltd. With January typically a time when people are faced with the reality that holiday spending has depleted their resources, the company is highlighting that […]

A third of grandparents have been forced to cut back on gift giving due to the need to save, while four in ten can only afford to save money for presents during the year, according to Provident's research into the Advent period. According to the responses, the relative majority of respondents can spend between HUF […]

Assets under management in investment funds increased by 1.9% to HUF 325 billion in October, meaning that at the end of the month members of the Association of Investment Fund Managers and Asset Managers in Hungary (Bamosz) managed HUF 17,214 billion in investment funds, the association has told MTI. Money market funds lost HUF 5 […]

Consolidated earnings at the Hungarian financial institution were HUF 826 billion profit after tax in January-September 2024 with an ROE of 24.9%; 3Q profit expanded by 19% q-o-q on the back of higher revenues and moderating impairments; 2% q-o-q organic increase in both performing loans and deposits, improving capital adequacy ratios. The Group’s cumulated profit […]

Repayment of outstanding loans is less of a problem than before, and reluctance to borrow has eased, according to a survey by Provident Financial Ltd.'s among its own customers. The data also shows that with their financial situation feeling more stable, more people are willing to spend on things such as health care, which was […]

The National Bank of Hungary (MNB) has re-launched its financial awareness campaign "Small things go a long way,” which encourages retail customers to achieve greater financial security by rethinking their everyday financial habits and training their savings, MNB told MTI on Monday. According to the statement, "money-sucking" items can be hidden in people's everyday spending, […]