Varga: Banks that increased lending after 2009 will be rewarded
A tax benefit will be granted to banks that increased their lending activity after the financial crisis, Minister of Economic Affaires Mihály Varga announced on Tuesday, according to Hungarian news agency MTI.
The size of the benefit will be 30% of the bank levy paid by the bank with a cap of HUF 10 bln in 2016, the minister added. According to Varga, the Hungarian Banking Association is in support of the initiative, regardless of the fact that it is not in line with the agreement in place between the government and the European Bank for Reconstruction and Development (EBRD).
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
