The National Bank of Hungary published remarks by Governor Mihály Varga at a ceremony marking the 30th anniversary of MOL’s listing, where he linked the performance of large, internationally successful companies to economic stability and the development of Hungary’s capital market. Varga cited MOL’s contribution to the Budapest Stock Exchange’s rising performance, noting it has around 30,000 small shareholders and a 20% weight in the market. He argued that three decades of public market presence makes the company’s operations and results visible, supporting broader economic perceptions and confidence in Hungarian financial markets. He also reiterated the role of household savings in financial system stability, pointing to Hungarian households’ net financial assets rising from 82% of GDP in the early 2010s to 114% currently, and said the stock market is becoming increasingly important as a vehicle for household savings.
National Bank of Hungary 2025-11-28
National Bank of Hungary Governor highlights MOL’s role in market stability and notes household net financial assets at 114% of GDP
The National Bank of Hungary's Governor Mihály Varga highlighted large companies like MOL in economic stability and capital market development during MOL's 30th listing anniversary. Varga noted MOL's market influence and contribution to the Budapest Stock Exchange's performance. He emphasized the stock market's growing importance for household savings, with Hungarian households' net financial assets rising to 114% of GDP.