Banking

Banking

Analysts: Tax plan would have minor impact

The following article is from the Octover 31-November 13 print edition of the Budapest Business Journal....

Banking

Varga: Attacks against tax office target the state

Economy Minister Mihály Varga said attacks against the Tax and Customs Authority (NAV) are in fact directed at Hungarian state...

Banking

Varga: Tobacco, ad tax justified

Economy Minister Mihály Varga defended the proposed amendement to the advertisement tax and the progressive tax aimed at tobacco manufacturers...

Banking

Bill would make tobacco companies pay one-time healthcare contribution

A bill submitted by an MP of the governing Fidesz party on Thursday would require tobacco companies to pay a...

Banking

Report: Advertising tax targets broadcaster RTL

The latest amendment to the advertising tax is aimed at punishing television broadcaster RTL Klub for regularly targeting Fidesz leaders,...

Banking

Gov’t proposes raising top ad tax rate

The government is proposing raising the upper rate for the advertising tax from 40% to 50%, National Economy Ministry deputy...

Banking

Government bashed again in third mass demo

An estimated 10,000 people marched through Budapeset yesterday evening in a demonstration calling for the resignation of the top management...

Banking

Government may cancel ad tax

The government is considering cancelling the advertisement tax as it is not likely to contribute to the state budget as...

Banking

Voucher tax rates ro remain unchanged up to HUF 200,000

Governing Fidesz-KDNP MPs proposed that tax rates that employers must pay on food vouchers remain unchanged up to HUF 200,000,...

Banking

Report: Hungarian taxes hostile to foreign firms

Although Hungary has officially revoked its internet tax legislation, there is still much room for improvement, according to foreign companies....

Banking

Orbán on internet tax: ‘I think not’

Prime Minister Viktor Orbán confirmed that the government has taken the earlier planned extension of the telecommunications tax to internet...

Banking

Economy Ministry withdraws internet tax, for now

The Economy Ministry said Friday afternoon that it had initiated the withdrawal of the proposed internet tax with the chairman...

Banking

Orbán delays internet tax, plans public input

Prime Minister Viktor Orbán said today in his regular fortnightly radio interview that the proposed internet tax “cannot be introduced...

Banking

Report: Nine tax increases expected in 2015

While the final vote on the tax package in Parliament is set for November 18, a portfolio.hu report calculates that...

Banking

Tax authority rejects corruption charges

The National Tax and Customs Administration of Hungary (NAV) rejected corruption allegations that recently surfaced against its officials, in a...

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...