Banking

Banking

EC: Internet tax ‘bad direction’

Hungary is behind the EU average concerning digital penetration and levying a tax on internet use would point to "a...

Banking

Estimate: Average tax hike HUF 10,000 a month

The planned tax proposal set for 2015 would cost the average Hungarian household approximately HUF 10,000 more per month, according...

Banking

Government backs cap on proposed internet tax

The government supports a proposed amendment submitted by the governing Fidesz party to cap the tax to be levied on...

Banking

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

Banking

Fidesz cuts plans for internet tax to HUF 700 a month

Hungary’s governing party Fidesz is modifying its internet tax proposal, saying the tax would be no more than HUF 700...

Banking

Magyar Telekom urges against plan for internet tax

The Hungarian government should revoke its plan to tax internet use from next year as it will be detrimental to...

Banking

Former telecoms regulator blasts internet tax plan

The proposed tax on internet usage will hurt Hungarian businesses, obstruct social mobility and reduce freedom of the press, according...

Banking

Opposition: Internet tax to send Hungary back to the ’90s

Hungary’s opposition E-PM alliance urged the government to scrap plans of levying a tax on internet data transfers in a...

Banking

New internet tax planned; other sectoral taxes to stay in 2015

A new tax of between 4.5-6% will be charged on internet service providers while other sectoral taxes on banks, telecoms...

Banking

Fidesz introduces once opposed internet tax

National Economy Minister Mihály Varga today revealed the details of the taxation system of 2015 today, hinting that the New...

Banking

Gov’t ready to stand up for ad tax in Brussels

The government is ready to stand up for Hungary's tax on advertisements in Brussels if it comes to it, the...

Banking

Leak covers preliminary info on 2015 budget

A week ahead of the submission of the 2015 budget to the Fiscal Council, portfolio.hu summarized what has been leaked...

Banking

Government to double family tax allowance

Parents raising two children will see their family tax allowance double in 2015, National Economy Minister Mihály Varga said in...

Banking

Hungary to tax internet content providers

State secretary László L. Simon says Internet content providers should take their “share of the public burden” by paying taxes...

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...

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...

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...