Apple Mistakenly Deducts Money from Users’ Accounts The Hungarian National Bank (MNB) reported "payment related problems with Apple" on Tuesday. The case of Apple mistakenly deducting money... 2024.10.02.
Cofidis Credit Provider Acquires Hungarian Cetelem Bank The financial services provider Cofidis Group announced the successful completion of the acquisition of Magyar Cetelem Bank, the Hungarian subsidiary... 2024.10.01.
New In-store Payment Option to Offer Retailers Cheaper Digital Solution An important new feature is coming to life in Hungarian mobile banks: from September 1, all bank customers will be... 2024.09.02.
OTP Bank’s Profit Exceeds Expectations In the second quarter of this year, Budapest-based OTP Bank achieved a consolidated adjusted profit after tax of HUF 267.930... 2024.08.09.
Competition Authority Clears Acquisition of OTP Bank Romania The acquisition of OTP Bank Romania has been approved by the Romanian Competition Authority, economedia.ro reports. As a result, OTP... 2024.07.16.
Apple Mistakenly Refunds User HUF 254 million Apple refunded HUF 254 million (EUR 643,014) to a Hungarian user's Apple Pay mobile payment and mobile wallet service-registered card,... 2024.07.03.
Hungary’s Largest Commercial Bank OTP among the Top 30 in Europe OTP shares are now worth 15 percent more than at the beginning of the year, and on Friday the bank's... 2024.05.06.
National Bank Celebrates Its Centenary in 2024 This year marks the 100th anniversary of the founding of the Hungarian National Bank (MNB), and will commemorate the past... 2024.01.03.
Economic Development Minister Signs Cooperation Agreement with ICBC Márton Nagy (R) and Liao Lin, CEO of ICBC (L) sign the cooperation agreement between the Ministry of Economic Development... 2023.10.19.
Further Fruitful Cooperation with Japanese Financial Giant on the Horizon We have had fruitful talks with the management of Sumitomo Mitsui Banking Corporation (SMBC), Finance Minister Mihály Varga announced on... 2023.09.01.
Economy Minister Meets President of the World’s Largest Bank Minister of Economic Development Márton Nagy held a meeting with Liao Lin, President and Executive Director of the Industrial and... 2023.07.11.
Credit Cards Are Popular, but Many Are Unaware of Their Advantages In Hungary, more than a quarter of the adult population already has a credit card, and another four percent plan... 2023.06.16.
It is Demeaning to the European Spirit to Adopt Other Countries’ Foreign Policies The United States is our friend and an important ally, but we will not allow it to "squeeze" Hungary into... 2023.04.14.
Hungary Withdraws from International Investment Bank Hungary is withdrawing from the International Investment Bank (IIB), the Ministry of Economic Development announced in a statement on Thursday. In... 2023.04.14.
Costs of Personal Loans Peaking Interest rates on personal loans rose steadily last year, with the average annual interest rate calculated by the Central Bank... 2023.03.02.
On the Way to Recovery as Interest Rates Begin to Decrease In February, several major banks started to cut their lending rates, with some having lowered interest rates on home and... 2023.02.03.
Leading Hungarian Bank Expands into Uzbekistan OTP Bank is to acquire the Uzbek Ipoteka Bank; the contract for the acquisition was signed by the two parties... 2022.12.13.
Hungarians’ Appetite for Loans is On the Decline Hungarians took out significantly fewer loans in September than a year earlier. The biggest drop was in applications for home... 2022.11.04.
Hungarian Real Estate Prices Rose the Steepest in the EU There are soaring real estate prices in Hungary, according to the data of the Central Statistics Office (KSH). In the... 2022.08.08.
Hungarian Bankholding Achieved a Profit of More than EUR 174 Million Last Year Hungarian Bankholding achieved a profit before tax of HUF 69.5 billion (EUR 174 million) last year, while its total comprehensive... 2022.06.28.
