Banking

Banking

Road haulage tracking and electronic tills boost government revenue by HUF 420 bln

The introduction of an electronic road haulage tracking system and the mandatory connection of tills to the tax office has...

Banking

Parliament approves new taxation system for 2017

The Hungarian Parliament ratified a package of new taxes today which will lower the VAT rate on milk, eggs and...

Banking

General government deficit reaches HUF 13.2 bln in May, 2% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, a first reading of...

Banking

MNB: Government plans considerable easing in 2017 budget bill

The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to considerable easing compared to the...

Banking

Ministry: Brussels ‘practically destroyed’ Hungary’s voucher system

After submitting a bill to Parliament yesterday that would convert a portion of the national voucher system into cash, the...

Banking

Baker & McKenzie receives Hungarian Tax Firm of the Year award

Baker & McKenzie was named 2016 European Tax Firm of the Year and 2016 Hungary Tax Firm of the Year...

Banking

Analyst: Hungarian Parliament to weigh ‘Google tax’

Under next yearʼs budget plan, which is due for a vote in Parliament in the next few weeks, foreign digital...

Banking

First MFB partner points open across Hungary

The first partner points of state-owned Hungarian Development Bank (MFB) opened at 26 locations yesterday, state secretary Zsuzsa Németh said,...

Banking

Government deficit reaches 19% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 144.9 billion at the end of April, approximately 19% of the...

Banking

Growth tax credit could add HUF 240 bln to fiscal revenue

The Hungarian government foresees the growth tax credit adding approximately HUF 239.8 billion to fiscal revenue next year, according to...

Banking

Hungarian government submits 2017 tax bill

The Hungarian government submitted proposed changes to the 2017 tax bill to Parliament late yesterday, Hungarian news agency MTI reported....

Banking

State secretary outlines planned tax bill

The Hungarian government is planning to tie the excise tax on vehicle fuel to global energy prices and spending the...

Banking

Tax office restructuring expected to lift corporate tax revenue

Once the restructuring of Hungary’s National Tax and Customs Authority is complete – it currently stands at 60% completion –...

Banking

Government outlines capacity of budget reserves

The HUF 60 bln reserves in the National Protection Fund are sufficient to cover a 60 basis-point rise in yields...

Banking

V4 countries draft proposal to fight digital economy fraud

The Visegrád Four countries are planning to draft a proposal for the European Commission to fight digital economy fraud, Hungary’s...

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...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

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...