The National Bank of Hungary published remarks by Governor Mihály Varga from a research conference hosted by Slovakia’s central bank, arguing that central banks support capital market development by safeguarding financial stability through supervision and regulation. He linked capital market deepening in an uncertain global environment to better channelling savings into investment to support sustainable growth and competitiveness. Varga pointed to the National Bank of Hungary’s certified financial products, which combine consumer-friendly features with financial-stability considerations, and to the recently launched Certified Corporate Loan scheme offering preferential, easily accessible HUF-denominated loans for small and medium-sized enterprises investing. He also highlighted regional cooperation, citing an August 2025 Memorandum of Understanding signed by Croatia, Poland, Romania, Slovenia, Slovakia, North Macedonia and Hungary, with the Budapest Stock Exchange participating, aimed at improving regional liquidity, efficiency and competitiveness and supporting more uniform capital markets; he noted that the Budapest Stock Exchange’s market capitalisation has more than tripled over the past decade and the BUX index has doubled over the past two years.
National Bank of Hungary 2025-10-01
National Bank of Hungary governor highlights Certified Corporate Loan scheme and seven-country MoU to deepen regional capital markets
Governor Mihály Varga of the National Bank of Hungary emphasized central banks' role in supporting capital market development through financial stability at a conference hosted by Slovakia’s central bank. He highlighted Hungary’s initiatives, including certified financial products and a Certified Corporate Loan scheme for SMEs, and noted regional cooperation to enhance liquidity and competitiveness. The Budapest Stock Exchange's market capitalisation has significantly increased, with the BUX index doubling in the past two years.