Banking

Banking

Veres: government committed to broadening tax base

Hungary’s government is committed to using every means allowed under the constitution to broaden the country’s tax base, Finance Minister...

Banking

Brown slashes UK company tax rate

Britain slashed its company tax rate in a surprise move on Wednesday that its finance minister said gave it the...

Banking

Hungary cuts annual budget deficit forecast on higher revenue – extended

Hungary's government, working to reduce its budget deficit after reporting the European Union's widest shortfall last year, today lowered its...

Banking

EU should use tax policy to improve environment, Kovács says

The European Union should use taxes to discourage pollution as part of the region's fight against global warming, Taxation Commissioner...

Banking

France cuts taxes for small businesses to shrink unemployment

Berenice Sylvain runs a one-woman catering business in Paris thanks to France’s drive to encourage entrepreneurship....

Banking

German Cabinet gives green light to company tax cuts

German Chancellor Angela Merkel's Cabinet agreed on a draft law to cut corporate taxes, a measure aimed at improving companies'...

Banking

Hungarian tax cuts hinge on broader revenue base

Hungary’s government may be able to cut some taxes and eliminate others if it succeeds in boosting the number of...

Banking

Russia cuts oil-export tax by $3.18 a barrel after prices fall

Russia, the world's second-biggest oil producer, cut its tax on crude exports by $3.18 a barrel after prices for the...

Banking

Russia may cut corporate tax rate to 20% in three-year plan – extended

Russia may cut its corporate profit tax rate to 20% from 24% as part of a three-year tax policy plan,...

Banking

Russia won’t alter flat income tax of 13%

Russia's government won't raise the 13% personal income tax, the first major bill President Vladimir Putin signed after coming to...

Banking

Constitutional Court rules „expected tax” unconstitutional

Hungary's Constitutional Court in a ruling on Tuesday declared the recently introduced „expected tax”, which taxes even loss-making companies and...

Banking

Hungary’s Veres sees no „substantial” tax changes through 2009

Hungary's government will hold off on major changes to its tax system through 2009 while it discusses proposals with business...

Banking

EU seeks talks with Switzerland on company tax breaks

European Union regulators are seeking talks with Switzerland over regional tax laws that the EU claims gives the nation an...

Banking

China will offer tax rebates for machine parts, materials

China will give tax rebates to domestic companies on imports of machine parts and materials that can't be procured within...

Banking

Yukos owes more than $26.8 bln, bankruptcy supervisor says

OAO Yukos Oil Co. owes more than 709 bln rubles ($26.8 bln) to creditors, the external manager of the bankrupt...

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...

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...

Banks Draft Proposals for Retail Borrowers Rate Freeze

The Hungarian Banking Association is drafting proposals in the framework of a social consultation on changes to a rate freeze...