Banking

Banking

BBJ in print: Tax time, the Swiss franc miracle

What's worse, the financial bite of the new taxes for 2015 or the burden of administering them? How did Hungary...

Banking

RTL Group confirms it’s in talks with Hungarian government

German broadcaster RTL Group confirmed it has been meeting with officials of the Hungarian government in order to discuss the...

Banking

Report: Lázár seeks new truce with RTL Group

Cabinet Chief János Lázár has reputedly been involved in talks with RTL Group, the German parent of Hungarian RTL Klub,...

Banking

RTL Klub chief executive receives threats of violence

Hungary's leading TV channel, RTL Klub’s director has decided to move his family out of the country after receiving threats...

Banking

Demján: Sunday closure gap to be filled with taxes

At a press conference today to promote a referendum designed to overturn the Sunday closings law, Sándor Demján, one of...

Banking

New pálinka tax rules take effect

In order to harmonize Hungarian law on pálinka tax with European Union rules, a recent amendment was approved by the...

Banking

General government deficit reaches HUF 825.7 bln in 2014, under target

Hungary's cashflow-based general government balance, excluding local councils, came to HUF 825.7 bln for the full year of 2014, under...

Banking

Amended law reduces VAT on some agricultural products, limits exemptions

Amendments to VAT legislation taking effect on January 1 have reduced the VAT rate on the sale of cattle, sheep...

Banking

HVG: Tax may drive TV2 production abroad

Commercial channel TV2, which has Fidesz-friendly ownership, is considering relocating its production abroad, in order to avoid the burden that...

Banking

Hungarian Chamber of Agriculture warns against farmland taxes

The Hungarian Chamber of Agriculture (NAK) disagreed with a proposed tax on farmland in any form, MTI news agency reported...

Banking

Report: Budget gap to reach 2.7% of GDP in 2015

The Fiscal Responsibility Institute (KFI) expects Hungary's general government deficit to reach 2.7% of GDP next year, based on an...

Banking

BBJ analysis: New taxes hit some sectors harder

The following story is from the November 28-December 11 print edition:...

Banking

Editorial: Without foreigners, we dance alone

The following is an Editorial from the November 28-December 11 print edition:...

Banking

Hungary’s tax office NAV publishes investigation material

Hungary's tax and customs office (NAV) has released the results of an investigation following allegations last November of VAT graft...

Banking

Tax law passes; foreign firms to pay more

The Hungarian Parliament today approved the 2015 package of tax laws, including advertising, tobacco and "hypermarket" taxes that hit foreign...

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...