The Magyar Nemzeti Bank has published its Green Finance Report for the sixth time

The main objective of the Magyar Nemzeti Bank’s publication entitled Green Finance Report is to provide a comprehensive annual overview of the domestic financial sector’s environmental sustainability risks, financing activities and related programmes. According to the latest report, the volume of green loans in Hungary, as well as the volume of ESG investments available behind ESG investment funds and life insurance products, has increased significantly, altough the green corporate bond market has shown signs of stagnation. The Hungarian banking system’s exposure to climate risks has remained unchanged. In line with the more prominent sustainability standards in financial regulation, supervisory expectations towards financial institutions have also increased. Through targeted initiatives, the central bank supports the financial system in the interests of the green transition.

The full press release is available in Hungarian here.

The Green Finance Report is available in English here.