Central Bank: Capital, Liquidity Reserves Make Banking System Resilient to Crisis Hungary's banking system was in a "prepared state" as it faced a sharp increase in risks because of the war... 2022.05.26.
First Module of AI Supercomputer Developed by OTP Bank and Innovation Ministry Inaugurated The first module of an AI supercomputer built in partnership between the Ministry of Innovation and Technology (ITM) and OTP... 2022.01.31.
Hungarian Manager Becomes One of Mastercard’s Global Leaders Milán Gauder has worked his way up the ranks at Mastercard to the point where he is now Global Head... 2021.01.13.
Superbank Deemed National Priority, Not Subject to Competition Laws The government has deemed the planned creation of a "superbank" by combining Budapest Bank, MKB Bank, and MTB Savings Bank... 2020.12.10.
MNB Calls on Banks to Introduce Moratorium on Household Loan Repayments Hungary’s central bank (MNB) has called on Hungarian banks to introduce a moratorium on household loan repayments considering the “extraordinary... 2020.03.18.
Coronavirus: Most Bank Branches Operating as Usual The vast majority of bank branches will operate as usual on Monday, although face-to-face client services could be suspended in... 2020.03.16.
Instant Payment System Launches in Hungary A new instant payment system allowing for lightning-fast electronic money transfers, was launched at Hungarian banks on Monday at midnight. According... 2020.03.02.
Banks to Catalogue Client Fees in Coordinated Effort to Boost Transparency Hungarian banks will provide their clients with a detailed list of service fees they have been charged by the end... 2020.01.13.
Tens of Thousands Worry as Account ID Compliance Deadline Ends Today The deadline for account ID compliance expires today. Bank clients who opened accounts before June 27, 2017, must provide documents... 2019.10.31.
Hungarian Internet Users Most Inclined to Use Digital Solutions Hungarian internet users' propensity for digital solutions is the highest in the region, a survey conducted by market researcher Nielsen... 2019.07.30.
Banking Association Requests Extension of Account ID Compliance Deadline The Hungarian Banking Association will request the deadline for complying with stricter rules on identifying account ownership be pushed back... 2019.06.21.
OTP Named Bank of the Year in Romania Hungarian OTP's Romanian subsidiary has been named Bank of the Year, as well as the best mortgage lender in Romania.... 2019.03.27.
Hungary’s Banking System Among the Most Expensive in Europe According to the Hungarian National Bank, Hungarian banking services are among the most expensive in Europe. In Hungary, low-income customers... 2019.02.08.
American Express Leaving Hungary Hungarian wire service MTI reports that the US-based American Express will no longer be offering personal credit cards and bank... 2017.07.14.
Eximbank Opens New Branches in Hungary Hungary's state-owned Eximbank is planning to set up new branches throughout Hungary, said state secretary for foreign trade and investment... 2014.07.14.
