Banking

Banking

Is a new tax system needed to boost employment in Hungary?

Would a monthly lump-sum tax based only on age and qualification present significant advantages to the current personal income tax...

Banking

Experts divided on Hungary’s decision to stay out of euro zone competitiveness pact

Prime Minister Viktor Orbán on Tuesday said Hungary is not going to join the euro zone competitiveness pact for the...

Banking

Experts divided on Hungary’s decision to stay out of euro zone competitiveness pact

Prime Minister Viktor Orbán on Tuesday said Hungary is not going to join the euro zone competitiveness pact for the...

Banking

Hungary budget deficit may peak mid-year, ministry official says

Hungary’s budget deficit, which reached 81.4 percent of the full-year goal in February, may peak in the middle of the...

Banking

Hungary budget deficit may peak mid-year, ministry official says

Hungary’s budget deficit, which reached 81.4 percent of the full-year goal in February, may peak in the middle of the...

Banking

Experts divided on Hungary’s decision to stay out of euro zone competitiveness pact

Reacting to Orbán's statement about staying out of the euro zone competitiveness pact, analysts expressed mixed opinion. Some claim that...

Banking

Experts divided on Hungary’s decision to stay out of euro zone competitiveness pact

Reacting to Orbán's statement about staying out of the euro zone competitiveness pact, analysts expressed mixed opinion. Some claim that...

Banking

PM: Hungary must maintain tax independence

Prime Minister Viktor Orbán told leaders of the European Roundtable of Industrialists during a meeting on Wednesday that Hungary must...

Banking

PM: Hungary must maintain tax independence

Prime Minister Viktor Orbán told leaders of the European Roundtable of Industrialists during a meeting on Wednesday that Hungary must...

Banking

VAT rate cut proposal by Rural Development Ministry will create huge budget gap, analysts say

The Rural Development Ministry’s proposal to reduce the VAT of basic foodstuff to 5% will create a several hundred billion...

Banking

VAT rate cut proposal by Rural Development Ministry will create huge budget gap, analysts say

The Rural Development Ministry’s proposal to reduce the VAT of basic foodstuff to 5% will create a several hundred billion...

Banking

Joining EU Stability Pact not in Hungary’s best interest, says ministry

It is not in Hungary's interest to join the European Union Stability Pact as one of the key points of...

Banking

Joining EU Stability Pact not in Hungary’s best interest, says ministry

It is not in Hungary's interest to join the European Union Stability Pact as one of the key points of...

Banking

Local governments might lose three taxes

The government plans to redirect certain local taxes into the state budget, online news portal Index reported citing the head...

Banking

Local governments might lose three taxes

The government plans to redirect certain local taxes into the state budget, online news portal Index reported citing the head...

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...