Banking

Banking

Number of Hungarians to receive tax refunds on the decline

The number of Hungarians who have received personal income tax refunds has been on the decline, reducing to almost half...

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EC begins investigation of Hungary’s ad tax

The European Commission launched a thorough investigation to determine whether Hungary's current progressive advertisement tax complies with European Union rules,...

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Lázár puts ad tax at 5-10%

Cabinet Chief János Lázár expects the modified advertising tax to reach 5-10%, as opposed to earlier press reports speculating that...

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Report: Lázár expects an ad tax of 3-5%

The Hungarian government is to consider a 3-5% flat-rate tax for advertisers, with the intent of protecting small media companies,...

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Cabinet chief initiates discussion of ad tax

Hungarian Cabinet Chief János Lázár has initiated the meeting of the Parliament’s economic committee to discuss possible changes to the...

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Tax auditors to continue careful observation

The auditors of Hungary's Tax and Customs Authority (NAV) will continue to pay special attention to internet commerce, sole proprietors...

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Editorial: Stop using taxes as a weapon

The following editorial is from the February 13-February 26 print edition of the Budapest Business Journal....

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Lázár: PM, Bertelsmann to discuss ad tax

Hungary’s Prime Minister Viktor Orbán and the head of Germany's Bertelsmann Group, which owns Hungarian commercial channel RTL Klub, are...

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Fidesz could seek new tax to replace lost ad tax revenue

Expectations that the ruling party would reduce sectoral taxes were dashed when FIDESZ chief whip said that if the advertising...

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Simicska says he plans ‘media war’ with Fidesz

A proposed new advertising tax regime would mean a higher tax bill for the thus-far government-friendly media outlets owned by...

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RTL official vows ‘independent news coverage’

Contradicting earlier reports that RTL Klub might agree to soften criticism of the Hungarian government, RTL Group spokesperson Oliver Fahlbusch...

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Hungarian Advertising Association urges dialog on tax

The Hungarian Advertising Association is calling for negotiations with the Hungarian government regarding planned changes to the advertising tax, the...

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Reports: Ad tax to be cut; RTL Klub to stay critical

Hungary’s Cabinet Chief János Lázár told reporters yesterday that he will propose a reduction to the advertising tax at the...

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Farm ministry calls on local councils to drop land taxes

The Hungarian Agriculture Ministry asked local councils to withdraw the land tax they had levied, the ministry said in a...

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Tax experts tell us what to expect

FROM TODAY’S PRINT EDITION: We asked Hungary’s top-earning tax consultants and accounting firms about the new tax laws, and how...

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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...