Limassol, Cyprus, 22 May 2026 – Within the next five years, Europe will need to fill an annual investment gap that is currently estimated at EUR 1.4 trillion. European banks stand ready to play a key role in this respect if empowered to do so. The European Banking Federation (EBF) Board met today to discuss how the key conditions can be created to fulfil this essential role in the most effective way. The discussion focused on three central themes: Capital, resilience and integration. The conclusion was that a wake-up call is needed to ensure decisive, conclusive action now.
The Board, based on the preliminary findings of a new, fact-based study on the competitiveness of European banks by Oliver Wyman, which is expected to be published in June 2026, discussed and concluded that meeting Europe’s investment financing needs will require a better balance between capital, resilience and growth, and a shift away from excessive risk aversion tow...

The elections that took place yesterday and the clear victory of the Tisza Party can open a new chapter for Europen intergration, and, within that, the Hungarian economy’s development. Co-operation between government, economic and financial areas will result in sustainable development and growth, rooted in predictability. The core responsibility of the Hungarian financial sector is to fund economic growth in Hungary,  for which it has the right skills and capabilities. We are committed and ready to co-operate for Hungary’s stability and predictable growth. Congratulations to the winning political power!

Hungarian Banking Association

The Pénziránytű Foundation, established in 2008 by the Hungarian Banking Association, the National Bank of Hungary, and the Student Loan Center, was created with the aim of implementing programs to promote financial literacy in cooperation with government agencies, civil society organizations, and market participants. The Foundation’s educational materials and initiatives reach hundreds of thousands of students each year, helping young people make confident and informed financial decisions in their daily lives.

As a public benefit organization, you have the option to donate 1% of your personal income tax to the Foundation, thereby contributing to the expansion of our professional work and ensuring that financial literacy reaches even more young people.

Tax ID: 18132678-2-43

The Pénziránytű Foundation gratefully thanks you for your support!

Translated with DeepL.com 

The Hungarian PÉNZ7 program series achieves outstanding results year after year! A record number of students, teachers, and volunteers joined the program series—which promotes financial literacy and entrepreneurial skills—during the 2025–2026 school year!

In early March, the PÉNZ7 financial and entrepreneurial theme week was held for the twelfth time in schools across the country. This year’s program focused on financial security (with special emphasis on digital security and insurance), and in the entrepreneurial category, the “Think and Act! – Resources.”

The 12th PÉNZ7 kicked off with a ceremonial opening in the Ceremonial Hall of the Ministry of the Interior. The event series once again drew significant interest this year:

more than 2,300 teachers from 1,445 schools joined the init...

People are becoming increasingly savvy online, but cybercriminals are also honing their AI tools, and the stakes are no longer trivial. Ágnes Sütő, co-project manager of KiberPajzs and executive director of the Investor Protection Fund (Beva), which is participating in the program, Dr. Sándor Töreki, Major General and Deputy National Police Chief for Criminal Affairs, and Ferenc Kardos, Executive Director of the Media Union Foundation, on March 24, 2026, in Budapest at the Police Administration Center.

According to the latest data from the Hungarian National Bank, the number of successful online financial frauds and the resulting losses are declining on an annual basis, which is a positive trend. Increasing public awareness is playing an increasingly significant role in this: customers are recognizing suspicious signs more frequently and handling their data more responsibly—this conscious behavior is now one of the most important pillars of de...

The 12th PÉNZ7 program will take place in schools from March 2–6, 2026. In the financial track, the focus will be on financial security—including digital security and insurance—while the entrepreneurship track will center on “Think and Act!”—Resources.

The theme week, which has been eagerly awaited nationwide and aims to develop financial and entrepreneurial awareness through interactive tools, kicked off with a ceremonial opening in the Ministry of the Interior’s Ceremonial Hall. This year, 218,000 students from more than 1,400 schools are participating in the program series through special lessons, with the assistance of 822 volunteers. Since its launch in 2015, the program has been part of the European Money Week initiative, which takes place simultaneously in some 30 countries, and since 2016, it has also been part of Global Money Week.

The Ministry of the Interior, as the project organizer, al...