Banking

Banking

Government to launch in-depth tax revisions

The amendment of the coalition contract signed on Sunday contains an agreement on working out a thoroughly new tax system...

Banking

Hungary: New expected tax takes effect

The law replacing the “expected tax” took effect July 1. The government hoped to have Ft 60 billion yearly extra...

Banking

Hungary needs fundamental changes to reach fiscal goals-3, says IMF

On monetary policy, Lipsky said that monetary policy authorities need to play a supportive role in the process of establishing...

Banking

China raises stamp tax on securities to cool stock market

China will raise the stamp tax on securities trading from the current 0.1% to 0.3% beginning May 30, the Ministry...

Banking

Tax-cut war widens in Europe

A tax-cut war is spreading across Europe as leaders of the Continent's biggest economies give up criticizing smaller neighbors for...

Banking

Parliament passes new tax legislation

The government majority has passed a law in Parliament yesterday that gives tax authority APEH broader investigative jurisdictions aimed at...

Banking

Superior Industries reports financial results for the Q1 2007

Superior Industries International, Inc. today announced financial results for the Q1 of 2007....

Banking

Romania to change disputed tax on cars

Romania will change a disputed tax on cars designed to keep out second-hand vehicles after the European Union warned that...

Banking

EU to tighten savings tax law, report says

European Taxation Commissioner László Kovács wants to tighten the two-year-old EU law that taxes foreign savings so that offshore tax...

Banking

Czech government plans to cut tax, welfare to fix public finances

The Czech centre-right coalition intends to overhaul the tax system and cut various welfare benefits in order to curb troubled...

Banking

Hungarian gov’t decides against revising „reasonable tax”

Hungary’s government has decided against submitting a new version of the „reasonable tax” to Parliament, but will rely on stricter...

Banking

Everybody says tax level is too high

The government submitted yesterday its proposals to extend the tax base and include groups previously omitted....

Banking

Hungary to crack down on tax dodging firms to replace lost revenue

Hungary will crack down on tax-dodging companies in order to replace revenues lost after a new tax was ruled illegal,...

Banking

No expected tax, but tougher tax revisions, says Kóka

Government does not plan either to levy the expected minimum tax or to replace it with any other type of...

Banking

Yukos’ $22 bln auction due to start

The $22 billion (£11 billion) auction of the assets of the bankrupt oil firm OAO Yukos is due to begin...

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...