National Bank of Hungary

13/12/2024

Hungarian banks received good news from Fitch Ratings – UPDATED: new K+H Bank CEO

Fitch Ratings on Thursday affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and Hungarian Development Bank (MFB) and revised the outlooks on the ratings. Read more below: #fitchratings #hungrianbanks #banksector #hungarianeconomy
13/12/2024

French insurance group fined by National Bank of Hungary

The National Bank of Hungary (NBH) on Friday said it fined insurer Groupama Biztosító little over HUF 51m for compliance violations. #opusglobal #nbh #nemzetibank #groupama
12/12/2024

National Bank of Hungary launches HUF 15,000 coin

The National Bank of Hungary has issued a commemorative coin collection to celebrate 150 years of the Hungarian Chamber of Notaries. #coin #MNB #forint #money
04/12/2024

Hungarian central bank holds rates as majority cites geopolitical and market risks

Members were in agreement that financial market stability remained "a key factor" in terms of price stability. #centralbank #bank #money #finance
01/12/2024

The Hungarian National Bank has become the world’s 2nd biggest in the gold purchase market

Hungary has emerged to the 2nd position in the global gold purchase market. Furthermore, the Hungarian National Bank's gold reserve grew to 110 tonnes, a historic high. #goldmarket #hungarianeconomy
30/11/2024

New National Bank governor would “further weaken” the forint, says Gyurcsány’s DK

The opposition Democratic Coalition (DK) and Socialist parties have criticised the prime minister's decision to nominate Mihaly Varga, the incumbent finance minister, to serve as the next central bank governor, saying he would "further weaken" the forint. Do you agree with them? #nationalbankofhungary #nbh #mnb #forint #democraticcoalition
29/11/2024

PM Orbán nominated new Hungarian National Bank governor, forint strengthening, government change comes

After the nomination, the Hungarian forint started to strengthen. #forint #nationalbank #nbh #mnb #viktororban
27/11/2024

Hungarian banking system declared stable and highly profitable in latest central bank report

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior economist said. #banking #centralbank #money
25/11/2024

Hungarian forint hits new 2-year low against the euro, attempts to recover

The Hungarian forint plunged to a new two-year low against the euro on Monday morning. #forint #euro #market #currency #economy
23/11/2024

The National Bank of Hungary cooperates with Chinese university

The National Bank of Hungary (NBH) has signed a five-year cooperation agreement with the PBC School of Finance of Beijing's Tsinghua University, one of the top institutions of higher education in the world. #china #nbh #nationalbank #mnb #highereducation
21/11/2024

Orbán at Budapest Eurasia Forum: Europe must adapt to Eurasian shift or face decline

After the global financial crisis of 2008-2009, "it became clear that the West's system of political and economic self-correction does not work," Prime Minister Viktor Orbán said. #Eurasia #Budapest #Asia #diplomacy
19/11/2024

Hungarian policy makers leave base rate on hold at 6.50pc

The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting on Tuesday. #baserate #mnb #centralbank #finance #forint
19/11/2024

National Bank of Hungary introduces HUF 50,000 coin

The National Bank of Hungary is set to release a remarkable gold collector coin, ‘V. László aranyforintja’ (The Golden Florin of Ladislaus V), on 20 November 2024. #mnb #forint #money #limited #collector
16/11/2024

National Bank of Hungary issues a new forint coin – Here’s how it looks

The National Bank of Hungary celebrates 100 years of paediatric care with a stunning commemorative coin. #health #healthcare #forint #coin #HungarianNationalBank
02/11/2024

Digital currency revolution: Hungary prepares for the future with a digital forint

The Hungarian Central Bank is exploring the potential of a digital forint for wide-scale use, currently in a test phase for youth aged 8–14 since March of last year. #digital #money #currency #forint
30/10/2024

National Bank of Hungary marks 75 years of Hungarian-Chinese relations with commemorative coin and book

The National Bank of Hungary (NBH) commemorated the 75th anniversary of the establishment of diplomatic relations between Hungary and the People's Republic of China by presenting a coin set and a book. #China #relations #diplomacy
29/10/2024

National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal

The National Bank of Hungary (NBH) acknowledged a reduction in overheating risks. #bank #finance #report #NBH
25/10/2024

Hungary’s commercial real estate market poised for slow recovery, says central bank report

Hungary's commercial real estate market may have "bottomed out" and could be ahead of a "slow turnaround", the National Bank of Hungary said. #NationalBank #realestate
24/10/2024

Survey assesses Hungarians’ financial health, and the results are far from encouraging

The National Bank of Hungary revealed the results of its inaugural survey on Hungarians' financial health on Thursday. #finance #money #nationalbank
22/10/2024

Hungarian national bank’s latest decision strengthens the forint

The Hungarian currency reacted positively to the not-so-surprising decision. #forint #euro #economy