Banking

Banking

Merrill to avoid UK tax after $29 bln

Merrill Lynch & Co Inc is unlikely to pay corporation tax in the UK for several decades after it charged...

Banking

Consultancies draft stimulus package

Hungarian tax consultancies presented a number of proposals for tax changes, including ones to introduce a 20% personal income tax...

Banking

Consultancies draft stimulus package

Hungarian tax consultancies presented a number of proposals for tax changes, including ones to introduce a 20% personal income tax...

Banking

Hungary: Government to discuss tax cuts

The Finance Ministry has already calculated any possible tax cuts for 2009, and the proposal will be discussed at the...

Banking

Hungary: Government to discuss tax cuts

The Finance Ministry has already calculated any possible tax cuts for 2009, and the proposal will be discussed at the...

Banking

Hungary gov’t plans for tight 2009 budget – paper

Hungary’s minority Socialist government is preparing for a tight 2009 budget to create room for tax cuts, as added higher...

Banking

Hungary gov’t plans for tight 2009 budget – paper

Hungary’s minority Socialist government is preparing for a tight 2009 budget to create room for tax cuts, as added higher...

Banking

Hungary: Economic society urges tax reform, state spending cuts to spur growth

The Hungarian Economic Society (MKT) has urged the government to reform the country’s tax system and reduce state spending in...

Banking

Hungary: Economic society urges tax reform, state spending cuts to spur growth

The Hungarian Economic Society (MKT) has urged the government to reform the country’s tax system and reduce state spending in...

Banking

FinMin: Hungary’s tax system “average” in complexity

During the past two years the rules of reports and returns have been considerably simplified for all tax types, and...

Banking

FinMin: Hungary’s tax system “average” in complexity

During the past two years the rules of reports and returns have been considerably simplified for all tax types, and...

Banking

Hungary: Gov’t plans substantial tax cuts from 2009

The government plans substantial tax and contribution reductions from 2009, Finance Minister János Veres said at a press conference in...

Banking

Hungary: Gov’t plans substantial tax cuts from 2009

The government plans substantial tax and contribution reductions from 2009, Finance Minister János Veres said at a press conference in...

Banking

Analyst urges tax cuts to improve Hungary’s competitiveness

Cutting payroll and corporate taxes could improve Hungary’s competitiveness, and the resulting gap in budget revenue could be filled with...

Banking

Analyst urges tax cuts to improve Hungary’s competitiveness

Cutting payroll and corporate taxes could improve Hungary’s competitiveness, and the resulting gap in budget revenue could be filled with...

Banking

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

Banking

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Banking

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Banking

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

Banking

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...

Cash Flow Under Pressure: How Factoring Supports Business Resilience

In an increasingly uncertain economic environment, companies are placing greater emphasis on liquidity, as well as operational resilience....

OTP Accounts for 53% of Hungarian Banking Groups’ Total Assets

OTP Bank’s consolidated total assets accounted for 53% of the combined balance sheet of banking groups in Hungary at the...

Hungarian Banking Sector Profit Declines 22% in H1 2026

Hungarian banks’ combined after-tax profit fell 22% year-on-year to HUF 685 billion in the first half, data released by the...

MBH Bank Posts HUF 88 bln Adjusted Comprehensive Income in H1

MBH Bank reported adjusted total comprehensive income of over HUF 88 bln in H1 2026, HUF 780 mln above the...

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Household Lending Hits Historic High in June

Hungary recorded an unprecedented jump in household lending in June 2026, with monthly new loans surpassing HUF 500 billion for...

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

Banking Association Presses for Predictable Economic Policy

Hungarian Banking Association leaders congratulated the new government and said lenders were ready to play an active role in supporting...

Strong International Demand for MBH Bank’s Bonds

MBH Bank has completed another international bond issuance under its international program, placing EUR 500 mln of MREL-eligible bonds amid...

MBH Mortgage Bank Issues EUR 500 mln Covered Bond

MBH Mortgage Bank has issued a EUR 500 mln benchmark-sized covered bond on the international capital market, attracting total demand...