Drop in risks aids banks
Hungarian banks’ combined after-tax profit in the first three quarters of 2016 almost tripled year-on-year to HUF 416.2 billion from HUF 141.6 billion on a big drop in risk costs,[…]
Tagged: National Bank of Hungary
Home price rises halt
Home prices hardly changed nationwide from the first to the second quarter, rising 4pc in Budapest and dropping elsewhere except for a 0.3pc increase in cities in north Hungary, home[…]
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Parties target Matolcsy
The opposition Socialist Party has called on the directors of the National Bank of Hungary to carry out an ethical investigation against governor György Matolcsy after press reports that he[…]
NBH sees inflation stability
Inflation remains persistently low and will approach 3pc, which represents price stability, only by mid-2018, the National Bank of Hungary (NBH) says in its fresh Inflation Report. In the previous[…]
Upgrade surprises analysts but not politicians
Three Bs or not three Bs? S&P answers the question
Standard and Poor’s Global Ratings has raised its long- and short-term foreign and local currency sovereign credit ratings on Hungary to BBB-/A-3 from BB+/B, putting the country back in investment[…]
Base rate trimmed again
The National Bank of Hungary’s Monetary Council lowered the central bank’s key rate by 15bp to 0.90pc at a monthly policy meeting on Tuesday. The decision was in line with[…]
NBH to pay budget dividend
The National Bank of Hungary (NBH) is paying a HUF 50 billion dividend from last year’s earnings into the budget, the central bank has said, confirming a comment by governor[…]
MKB Bank back in black
MKB Bank booked consolidated profit of HUF 4.2 billion in the first quarter after six years of losses, the lender has said. The parent bank’s profit reached HUF 3.6 billion.[…]
Win one, lose one
Top court favours postal law change but not national bank
The Constitutional Court has ruled that amendments to the law governing the National Bank of Hungary that give it the legal power to decline public information requests concerning companies that[…]
Economy still can’t make the grade
S&P maintains Hungary’s junk rating with stable outlook
Standard and Poor’s Ratings Services last Friday affirmed its ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S&P said.[…]
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