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Ten charts on the Hungarian banking sector - Not for the faint of heart!

Which is the most profitable bank in Hungary and which made the largest loss in 2013? How many banks actually made profit and how many of them used... 

Hungary PM Orbán plans huge systemic changes after muni election

“If we have called the last four years revolution, there is simply no strong enough expression for what is up next," a source familiar with... 

ANALYST VIEW - Deutsche Bank downgrades Hungary's MOL, cuts target price

Deutsche Bank has on Friday lowered its target price for Hungarian oil and gas group MOL to HUF 14,000... 

When will Hungary's central bank hike rates?

The National Bank of Hungary will leave its key policy rate unchanged next week, analysts projected in... 

ANALYST VIEW - Hungary: beyond FX dispute is solid growth - Merrill Lynch

A trip by economists of Bank of America Merrill Lynch to Budapest reaffirmed their view that the central... 

Takarékbank extremely bullish on Hungarian growth

Analysts at Hungary’s traditionally bullish Takarékbank have published highly upbeat estimates... 

ANALYST VIEW - Macro stability, LTE tender are key risks for Hungary's Magyar Telekom - Citi

After seeing several material positive developments at Magyar Telekom since July, Citigroup has raised... 

Hungary MOL chief Hernádi to become PM Orbán's advisor? MOL denies

Zsolt Hernádi, Chairman-CEO of Hungarian oil and gas group MOL will leave the company to become a personal... 

Hungary's OTP is having problems in Ukraine, branches were held up - Csányi

Hungary’s OTP Bank has specific estimates how large losses it could suffer in its Russian and Ukrainian... 

ANALYST VIEW - Citi upgrades Hungary's OTP, raises target price too

Citigroup has revised its model for OTP Bank and raised its target price to HUF 5,175 from HUF 4,075... 

Court rejects lawsuits of Erste, Raiffeisen in FX loan reimbursement case

The Budapest Municipal Court has issued on Wednesday verdicts in lawsuits started by the local subsidiaries... 

Hungary's OTP hopes banks will have to take no more hits by gov't - Dep.CEO

Since the crisis no country has achieved meaningful growth without a functioning banking system, warned... 

ANALYST VIEW - Concorde ups target price for Hungary's OTP

Concorde has on Tuesday raised its target price slightly for Hungary’s OTP to HUF 3,800. Its recommendation... 

Wednesday is going to be a big day for Raiffeisen

Raiffeisen Bank International AG (RBI) has announced on Monday that it is now also repaying the privately-placed... 

Commission green-lights EUR 96 m state aid to Apollo Hungary

The European Commission has found that regional investment aid totalling 95.7 million euros (cc. HUF... 

Hungary MOL provides own ordinary shares for new subsidiary

Hungarian oil and gas group MOL has announced that on 4 September that it has provided its ordinary shares... 

Raiffeisen Hungary first half loss rises yr/yr, exceeds target

The Hungarian unit of Austria’s Raiffeisen Bank incurred HUF 33.4 billion after-tax loss in the... 

MOL and Nyomda favoured the most by Hungary's fund managers

The BUX index rose in August, but as for its prospects fund managers surveyed by Portfolio have turned... 
Markets (HU)

Budapest Stock Exchange seems cursed, turnover declines in Sept too

There was no turnaround on the Budapest Stock Exchange (BSE) in September, as its duplicated turnover... 

Hungary forint pushed to one-week low

Although Thursday afternoon's moderate decline in investor sentiment came to a halt in the evening CET... 

Hungary MOL awaits key decision from Zagreb this week

The Croatian government will do everything in its power to protect the employees of refiner INA and will... 

When a central bank policy meeting is an insignificant event...

The National Bank of Hungary is to hold a rate-setting meeting this week, but this is already a featherweight... 

Raiffeisen Hungary CEO says bank plans no exit, urges bank tax cut

Exit from Hungary is not on Raiffeisen’s agenda, CEO Heinz Wiedner told business daily Napi Gazdaság... 

Péter Szijjártó to be Hungary's next Foreign Minister, as Navracsics steps down

Hungary’s government will swiftly take care of the replacement of its Foreign Minister. Outgoing... 

ANALYST VIEW - Deutsche Bank downgrades Hungary's MOL, cuts target price

Deutsche Bank has on Friday lowered its target price for Hungarian oil and gas group MOL to HUF 14,000... 

Hungary Deputy PM wants all utilities in state hands

Following the lead of Antal Rogán, the head of the ruling Fidesz party’s parliamentary group, Hungary’s... 

News

S&P affirms ratings, keeps stable outlook on Hungary

In line with the consensus estimate, Standard & Poor's Ratings Services affirmed its 'BB/B' long- and... 

Clinton says Hungary's PM "never wants to leave power"

Former U.S. President Bill Clinton said Hungary’s Prime Minister just wants to remain in power... 

Hungary's grand idea on state-owned utility to cost a fortune

A recurring item in the communication of the Hungarian government is a new, state-owned non-profit utility... 

Hungary's public sector keeps on hiring

Real wages rose 2.9% year on year in Hungary in July. According to the latest report published by the... 

When will Hungary's central bank hike rates?

The National Bank of Hungary will leave its key policy rate unchanged next week, analysts projected in... 

Hungarian state buys stake in railway company Bombardier MÁV

The Hungarian state is acquiring a stake in railway equipments and trains manufacturer Bombardier MÁV... 

Hungary gets nod from Brussels on major development invoice

Hungary has invoiced Brussels nearly 300 billion forints worth of EU-funded development projects after... 

Hungary gov't needs not to consider banks' breaking point - Rogán

The Hungarian government does not have to consider the burden-bearing capacity of local banks when they... 

EBRD sees Hungary dodging the bullet fired in Russia-Ukraine conflict

The continuing crisis between Russia and Ukraine is weighing on the economies of the EBRD region, with... 

Secret meetings: Hungarian gov't out to take over more banks?

“The state will come in two weeks but we don’t know yet who will manage the bank," an executive... 

Apollo Tyres confirms Hungary as location for Greenfield facility

Apollo Tyres has confirmed Hungary as the location for its first Greenfield facility in Gyöngyöshalász... 

ANALYST VIEW - Hungary: beyond FX dispute is solid growth - Merrill Lynch

A trip by economists of Bank of America Merrill Lynch to Budapest reaffirmed their view that the central... 

Takarékbank extremely bullish on Hungarian growth

Analysts at Hungary’s traditionally bullish Takarékbank have published highly upbeat estimates... 

EIB provides EUR 200 m credit line for Hungary's Eximbank for SME support

The European Investment Bank (EIB) has provided a credit line of EUR 200 million to Eximbank to support... 

Russia to store 0.5 bn cubic metres of gas in Hungary - paper

As a consequence of the conflict between Russia and Ukraine, Russia would store about half a billion... 

Chart of the day: Hungary's FX loan relief scheme to affect these borrowers

Hungary’s newly proposed legislation would provide assistance not only to foreign currency borrowers... 

Hungary c.bank to make important announcement on FX loan conversion soon - Balog

The National Bank of Hungary (MNB) will actively take part in the settling of the banks’ refunds... 

Csányi: PM Orbán thinks of banks as if they were Batman

If there is trouble with economic growth, the government will turn to the banking sector anyhow, said... 

Sberbank denies report on plan to exit Hungary

Russian-owned Sberbank had denied rumours that it plans an exit from Hungary, Austrian economic daily... 

Hungary RTL chief perplexed by new gov't proposal

The head of Hungary’s most popular private TV channel in Hungary said he is perplexed about the... 

Hungary forint confined to a tight range vs. EUR

Hungary’s forint started on Tuesday at practically the same level it has been hovering around throughout... 

Hungary gov't needs not to consider banks' breaking point - Rogán

The Hungarian government does not have to consider the burden-bearing capacity of local banks when they incur heavy losses over their forint and forex... 

Hungary's FX relief package will indeed hurt the banks - EcoMin Varga

Hungary’s economic growth could exceed 3% this year and VAT and excise tax revenues are expected to pick up in the second half of the year, compensating... 

Hungary FX mortgage solution should be found by year-end - CIB chief

The executives of Hungary-based banks will be sweating quite a lot this summer, and not necessarily from the heat. Their business can be hit on a gut level... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

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