Hungary's banking system is capable of boosting its lending to HUF 40,000 billion, National Bank of Hungary (NBH) governor Mihály Varga said at a conference organized by business news portal Portfolio on Tuesday. Local banks' liquidity position is stable and their lending capacity is sufficient, Varga told the conference on lending. The latest data from […]
OTP Bank, Hungary's biggest commercial lender, strives for fair cooperation with the Tisza government, which is in the interest of both the Hungarian economy and businesses; the bank's activity will not decline in Hungary, chairman of the board, Sándor Csányi said at the bank's annual general assembly. OTP's management will soon hold consultations with the […]
At standalone level, Gránit Bank closed the year 2025 with HUF 21.4 billion in profit before tax and HUF 19.2 billion in profit after tax, the latter being so far the highest twelve-month result in the Banks’s history, according to the executive summary of the report őublished on the website of the Budapest Stock Exchange. […]
OTP Group has been awarded Best Bank in Central & Eastern Europe by Global Finance in its 33rd annual Best Bank Awards, recognizing the Group’s outstanding regional performance, the Bank said in a statement on its website. In addition to the regional title, two OTP Group members earned top national distinctions: OTP Bank was recognized […]
Raiffeisen Bank Plc. has announced that it successfully closed the 2025 financial year while further strengthening its market position. Despite the challenges posed by the global economic environment, the Bank adapted effectively and achieved outstanding results across multiple business segments. As Chief Executive Officer György Zolnai highlighted, the bank's Corporate and Investment Banking division stabilized […]
Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Net interest revenue dropped 9% […]
Pál Simák will be replaced by Luigi Fuzio as chairman and CEO of CIB Bank once the necessary regulatory approvals have been obtained, the bank announced to MTI on Tuesday. Pál Simák has been appointed to a new international role at the group’s Milan headquarters, where he will lead the so-called Next Gen Acquisition Machine […]
After-tax profit of Austrian-owned Erste Bank Hungary rose 14% to HUF 150 billion in 2025, chairman-CEO Radovan Jelasity said on Thursday. Net interest revenue rose 4% to HUF 199.4 billion and net revenue from commissions and fees climbed 18% to HUF 142.5 billion, the chairman-CEO pointed out. Return on Equity (ROE) improved 0.9 percentage points […]
Gránit Bank's after-tax profit rose 14% to HUF 19.2 billion in 2025, the lender told MTI on Thursday. The Hungarian bank's standalone total assets climbed 12% to HUF 1,785bn in the twelve months to the end of December. The Non-Performing Loan (NPL) ratio was just 0.2%, a fraction of the 2.1% banking sector average. Gránit […]
After-tax profit of K+H Bank, the local unit of Belgium's KBC, edged up 2% to HUF 132 billion in 2025, the lender said in an annual report. K+H Bank paid HUF 100 billion on the bank levy and windfall profit tax. Lending stock rose 10% to HUF 3,386 billion. Outlays reached HUF 823 billion. The […]
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 […]
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 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, […]
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 global financial technology company Revolut has officially opened a bank branch in Hungary, the news site telex.hu reports. Revolut Bank UAB has been listed in the Hungarian National Bank's institution finder as a cross-border credit provider entity since February 14, 2022 (after receiving an EU banking license in Lithuania). Now, however, Revolut Bank UAB's […]
