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, […]
Hungarian property developer Futureal has signed a EUR 165 million refinancing and credit line agreement with a consortium of Erste Bank Hungary, Erste Group AG and UniCredit Bank Hungary, the property developer said on Monday. Futureal refinanced credit for Etele Plaza, a shopping center in the southwest of the Hungarian capital, that it signed for […]
Hungary's Government Debt Management Agency (AKK) sold HUF 82.0 billion of securities at auction on Thursday, HUF 32.0 billion more than planned, MTI reports. AKK sold HUF 22.0 billion of discount twelve-month T-bills, lowering its original offer by HUF 8.0 billion after primary dealers bid for just HUF 26.3 billion of the securities. Average yield […]
Hungarian CFOs are responding to economic difficulties and skills shortages not only with short-term cost optimization, but also with long-term technological modernization. Last year, 57% of CFOs introduced cost-cutting measures, while 62% are planning automation and digitalization developments over the next three years. This is stated, among other things, in PwC's 7th Hungarian CFO Survey. […]
The financial wealth of Hungarian households grew by 13.9% in 2024, which is the fastest pace since the 2008 global financial crisis, according to Allianz's latest Global Wealth Report, as quoted by the economic portal penzcentrum.hu. According to Allianz's latest report, global household financial wealth grew by 8.7% in 2024, exceeding the 8.0% rate in […]
Following seven other countries in the region, Visa has launched its digital payment program in Hungary, which aims to support the digitization of Hungarian micro and small businesses already operating in e-commerce or intending to enter the market and make them more competitive, the global payment service provider told MTI on Tuesday. They explained that […]
Compared to spring data, the Hungarian population's ability to save has declined even further: nearly half of those surveyed are unable to set aside any of their monthly income, and one in ten respondents are living in debt, according to the July Barometer survey conducted by Ipsos Plc. on behalf of Provident Financial Ltd. among […]
Financial planning is still not part of everyday life for Hungarians, with older working-age people in particular losing faith in their ability to take control of their financial situation, according to an international survey covering nine countries commissioned by the mother company of Provident Financial Ltd., International Personal Finance (IPF). While young people are becoming […]
A growing number of Hungarians are facing a challenge to survive on their income, with 27% of the population unable to save at all. This trend is getting worse year by year, and Hungarians are not doing well in international comparisons among the countries participating in the research – this is revealed by the international […]
When they need a loan, Hungarians still turn primarily to family members for financial assistance, but compared to last year, there has been a change in that they are more willing to ask friends and colleagues than financial institutions and financial service providers, according to a representative survey of 1,000 people in nine countries commissioned […]
