National Bank of Hungary Governor Mihály Varga highlighted the banking sector’s financial strength and the role of financial literacy in maintaining stability during remarks at the OTP Fáy Education Innovation Awards ceremony. Hungary’s banks continued to record high profitability and liquidity alongside a stable capital position despite global economic uncertainty. Nonperforming loan ratios remained low at 1.5% for households and 3% for corporations.
Varga emphasized that maintaining financial stability also depended on market participants making prudent financial decisions over the long term. The central bank’s focus on financial literacy was complemented by educational initiatives such as those of the OTP Fáy Foundation, which has contributed to the financial education of 80,000 young people in 2026. The foundation’s award-winning projects use artificial intelligence and experiential education to support learning.