Tag "MNB"

Another ÖRT resolution – now about banking advertisements

ÖRT regularly provides guidance to help the work of its members to comply better with the legislations. The MNB has made valuable contributions to the preparation of the material. Knowing...

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MNB: inflation increases gradually

Inflation will fluctuate around 2 to 2.5 percent in the coming months, but price increases will gradually rise – Várhegyi Judit, head of department at the Hungarian National Bank (MNB)...

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MNB: consumption, investment and exports promise a more than expected growth in 2018

Based on the data received since December’s Inflation Report, the Hungarian National Bank (MNB) expects more favorable consumption and investment processes and a slightly stronger export growth. The experts of...

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MNB: a bankrendszer több mint kétszeresen teljesítette kkv-hitelezési vállalását

Az MNB piaci hitelprogramjában részt vevő bankok 2017-re vállalták, hogy közel 230 milliárd forinttal növelik kkv-hitelezésüket, a vállalását minden bank teljesítette, ennek eredményeként szektorszinten az egy évvel korábbit is meghaladó,...

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The new one thousand HUF banknote to come from Thursday

The new one-thousand HUF banknote will be launched on Thursday, March 1 – said Gerhardt Ferenc vice president of the National Bank of Hungary (MNB) at a press conference in...

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Cash accumulation is slowing down

Cash accumulation of the households has slowed down somewhat last year, due to the decline in savings in foreign currencies – Világgazdaság Online wrote. However, the volume and proportion of...

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Households’ money assets increased in 2017

The net financial assets of households grew by 3262 billion forints in the past year, and its value of 39,287 billion HUF slightly exceeded the amount of the annual gross...

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MNB: households and companies have saved more when borrowing in 2017

Companies and households have raised their bank deposit last year more than their credits -according to the data released by the National Bank of Hungary on Thursday. It can be...

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The new 1,000 HUF bank note comes from March

The National Bank of Hungary started the renewal of the forint banknotes in 2014. Within the framework of the program, four of the six denominations have been renewed in recent...

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The NGM and the MNB are expecting a GDP growth of around 4 percent in 2017

The Ministry of National Economy (NGM) and the National Bank of Hungary (MNB) expect a GDP growth of around 4 percent in 2017. At the Central and Eastern European Forum...

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MNB: new security measures do not affect the comfort of electronic payments

The new security rules, which provide double security, do not affect the speed and convenience of everyday electronic payments – Binder István, supervisor of the National Bank of Hungary (MNB)...

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20 percent increase in egg prices contributed to the November inflation

Last month, mainly due to rising fuel prices and egg prices, the annual rate of inflation increased to 2.5 percent, Várhegyi Judit, head of department of the Hungarian National Bank...

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MNB: Labor Training is the key to sustainable development

The lack of skilled workers is a major challenge for the European countries, while the new industrial revolution and robot technology are constantly transforming the labor market, which also requires...

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The MNB warns about the deliberate recruitment of consumer loans

According to the MNB’s announcement published on Thursday, due to the different characteristics of each type of credit – credit card, personal loan, commodity loan, mortgage loan, overdraft – it...

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MNB: The financial situation of households and companies improved in October

In October, households repayed more loans than they incurred and increased their deposits by a significant amount, and companies received less credit for the third month than savings were placed...

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The debt of companies exceeds their quarterly sales revenue

Approximately 28 percent of the total revenue of the companies is an amount that has already been billed but has not yet been paid out, according to the latest information...

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MNB: the inflation indexes also declined in October

In October, while annual inflation declined by 0.3 percentage points to 2.2 percent – according to the analysis published by the National Bank of Hungary (MNB) on Thursday. Indirect tax-purified...

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Corporate governance is a key issue for competitiveness

The role of corporate governance is decisive in competitiveness as corporate executives can do a lot for the efficient management of resources – Pleschinger Gyula, president of the Hungarian Economy...

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MNB: Hungarian consumers became more conscious

Lending in Hungary is picking up again. Consumers are choosing more consciously, and the rules on borrowing also curb indebtedness – Binder István, supervisor spokesman of the National Bank of...

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According to a survey people buy more with a credit card in the summer

The number of foreign bank card purchases grew by more than 30 percent in the summer, with a rise of nearly 32 percent in value.   The value of domestic...

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MNB director: economic growth can permanently exceed 3.5 percent

The Hungarian economy is expected to reach an over 3.5 percent growth this year and the next year, and the Hungarian National Bank (MNB) expects that the 3 percent inflation...

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MNB Director: Sustainable achievement of the inflation target is expected a quarter later, in mid-2019

According to the latest Inflation report of the Central Bank, the sustainable achievement of the inflation target is likely to be achieved by one quarter later in mid-2019. The investments...

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MNB: Card payment transactions grew by 25 percent in the second quarter

Payment card purchase turnover increased by 25 percent in the second quarter of this year, exceeding all previous growth rates – the National Bank of Hungary (MNB) announced on Monday....

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The loan portfolio of the population and companies grew

There was a significant increase in household and corporate loan portfolio in the second quarter, according to the August issue of the MNB’s Lending Processes report, quoted by népszava online....

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The financial wealth of households has grown further

In the second quarter, the households’ financial assets increased by 874 billion HUF to 45,963.5 billion HUF and their liabilities increased by 25 billion HUF to 8,577 billion HUF, thus...

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MNB: the 3 percent inflation target could be realized at the beginning of 2019

The growth rate of consumer prices in Hungary is expected to reach the central government’s 3 percent long-term inflation target at the beginning of 2019, Várhegyi Judit, head of department...

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One can pay with the old 2000 and 5000 HUF banknotes until Monday

One can pay with the old 2000 and 5000 HUF banknotes until Monday, because at the end of July the National Bank of Hungary (MNB) withdraws them from circulation, from...

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The number of corporate bank cards is increasing

The number of business bank cards issued in Hungary has increased dramatically over the past two years, while the total market has virtually stagnated in terms of the number of...

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MNB: Vending machines should be upgraded to accept the new banknotes

The National Bank of Hungary has called the attention of the operators of parking, ticket machines, beverage and vending machines that after one can pay with the old 2000 and...

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Banks have raised their SME lending commitments by more than 30 percent

Credit institutions have raised their SME lending commitments by more than 30 percent on Thursday on the Hungarian National Bank’s (MNB) HIRS tender – the central bank published on its...

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