Tag "MNB"

MNB: corporate and retail borrowings increased in the first quarter

The growth in corporate lending continued in the first quarter. The volume of loans in terms of transactions increased by 4 percent. The lending dynamics of the household sector also...

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MNB: the convergence of the SME sector would increase the GDP by 3 to 5 percentage points

If the productivity of the Hungarian small and medium sized (SME) sector would reach the average of the region and would approach to large corporations, the Hungarian gross domestic product...

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MNB: the wealth of households and companies is growing

In March, households put 18.6 billion more, and companies put 5.2 billion more forints deposits into the domestic banking system than the amount of loans they borrowed, according to the...

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Analysts: inflation rate this year may be around the purpose of the MNB

Inflation decreased to 2.7 percent in March, lower than the expectations of the analysts, after the 2.9 percent in February. In the rest of the year, inflation will temporarily exceed...

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The Growth Loan Program has been completed

The contract period of the third, leading out phase of the Growth Loan Program (NHP) ended on 31 March. Within the third phase of the Growth Loan Program (NHP), since...

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The store of chains help the National Bank to develop financial awareness

The Hungarian National Bank (MNB) signed a cooperation agreement with five store of chains – the kamaraonline.hu wrote. The customers therefore have access to informations, developing financial awareness in a...

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MNB: household wealth increases continuously

The net savings of households increased by 522 billion HUF in the fourth quarter of 2016, while in the total year by 1574 billion HUF. In the proportion of the...

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MNB: the new 2000 and 5000 HUF banknotes will be available from March

The new 2000 and 5000 HUF banknotes will be available from March. The security features of the new banknotes will be more modern than before, and their design will also...

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MNB: 38 thousand enterprises received favorable financing in the growth loan program

In the three stages of the growth loan program, since June 2013, 38 086 enterprises received favorable financing in a value of 2652 billion HUF – was published on the...

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China has become one of the most important trading partner of the EU and Hungary

At a panel discussion at the Lámfalussy conference, Palotai Dániel, managing director of the Hungarian National Bank (MNB) emphasized that China has become one of the most important trading partner...

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Agriculture is the least indebted sector

According to the National Bank of Hungary, the data of the past five years suggests that the national economy’s overall failure rate for the second quarter of 2016 can be...

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SME lending may expand after the closure of the National Bank’s credit growth program

In the three stages of the credit growth program (NHP) 36 103 enterprises received fundings worth 2459 billion HUF. The program has contributed significantly to economic growth and employment expansion....

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MNB: household savings are growing slower

The financial savings of households steadily decreased in recent quarters: in the third quarter amounted to 201 billion HUF, which is 2.2 percent of the quarterly GDP. In the previous...

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MNB: businesses used 231.8 billion HUF in the third stage of the NHP so far this year

In the third phase of the growth loan program (NHP) between 1 January to 30 September, the companies concluded contracts amounting to 231.8 billion HUF, of which 68 percent were...

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The MNB created a credit risk model from the data of two hundred thousand companies

The Hungarian National Bank (MNB) created a credit risk model from the data of about two hundred thousand companies – Banai Ádám, head of the department of the Hungarian National...

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MNB: SME lendings grew in the second quarter by 5 percent

Improving trends occured in the lendings of the credit institutions to the private sector. In this year's second quarter the loans to the small and medium-sized enterprises (SME sector) grew...

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MNB: credit information service for small and medium enterprises to be launched

The National Bank of Hungary (MNB) and the BIS Central Credit Information Office will launch the small and medium enterprise credit information service in the near future. With the help...

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MNB: SMEs applied for 125 billion HUF in the third stage of the growth loan program

In the third stage of the growth loan program (NHP), so far 4600 domestic micro, small and medium-sized enterprises were granted fundings in the amount of approximately 125 billion HUF...

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MNB: the decline in vulnerability reduces the risks in Hungary

The fact that Hungary’s vulnerability considerably decreased in the past years reduces the risks that will occur because of the Brexit. The outcome of the British referendum caused volatility in...

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MNB: card payments continued to increase in the first quarter

The expansion of electronic payments continued to increase in this year's first quarter in Hungary, mainly the increase in payment card turnover was significant – according to the summary of...

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MNB: the popularity of the growth loan program justified the increase in allocations

The product of the growth loan program (NHP) has become very popular among the small and medium-sized enterprises (SMEs), as well as among the banks. Therefore the National Bank of...

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MNB: the efficiency of the Hungarian cash flow increased significantly

The effectiveness of the Hungarian cash flow has grown exceptionally in international comparison last year. Each indicators measuring the spread of remittances, purchases, electronic payments and electronic bill payments have...

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The MNB stimulate the lendings to SMEs with capital discount

The MNB introduces a new lending tool under which releases a portion or all of the capital after such loans for the financial institutions that are actively lending to small...

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The Growth Loan Program is the engine of agriculture

The Hungarian National Bank’s (NBH) Growth Loan Programme (NHP) is behind the growth of Hungarian agriculture – according to the analysis of the Atradius credit insurance company. The market leader...

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Migrant crisis may slow down the EU’s development

According to a forecast by GKI Economic Research Zrt., the migrant crisis will continue to cause a conflict between European Union member states and if decisions aren’t made swiftly, it...

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The assets of the Hungarians increased by four hundred thousand last year

At the end of 2015 the net financial wealth of the households was 32 409 billion HUF, according to the data of the National Bank of Hungary (MNB). This is...

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More than half of the loans aimed at investments could not be achieved without the NHP

The small and medium-sized companies could not taken up more than half of the loans aimed at investments, without the growth loan program (NHP), which significantly contributed to the strengthening...

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MNB: the SMEs were given more than two thousand billion HUF in the loan growth program

In the first and second stages of the loan growth program (NHP) a total of 31 thousand enterprises were given advanced financing in a value of more than 2,126 billion...

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MNB: there are substantial differences at the banks’ Christmas credit costs

In addition to the credit interest rates, the mandatory related financial products, the additional services and late payments may result in significant additional costs at the small Christmas consumer loans...

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MNB: food prices also increased inflation

In October, the annual inflation rate was 0.5 percent higher, while core inflation was 0.2 percentage points higher than in the previous month. The rise in inflation was because of...

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