Banking

Banking

Gov’t rejects opposition proposal to lower vehicle fuel tax

The government rejected a proposal by the opposition to reduce the excise tax on vehicle fuel to cushion the impact...

Banking

Gov’t rejects opposition proposal to lower vehicle fuel tax

The government rejected a proposal by the opposition to reduce the excise tax on vehicle fuel to cushion the impact...

Banking

EC starts infringement procedure against Hungary over telecoms tax

The European Commission said that it launched an infringement procedure against Hungary over a new “special tax” imposed on the...

Banking

EC starts infringement procedure against Hungary over telecoms tax

The European Commission said that it launched an infringement procedure against Hungary over a new “special tax” imposed on the...

Banking

Gov‘t targeted savings on drug subsidies is “not realistic”, says head of professional association

An annual HUF 120 billion in savings the government plans to make on drug subsidies is "not realistic", Tamás Szoják,...

Banking

Gov‘t targeted savings on drug subsidies is “not realistic”, says head of professional association

An annual HUF 120 billion in savings the government plans to make on drug subsidies is "not realistic", Tamás Szoják,...

Banking

Govt mulls letting local councils levy more taxes

The Hungarian government is mulling plans to change responsibilities and financing of local councils, according to information acquired by daily...

Banking

Govt mulls letting local councils levy more taxes

The Hungarian government is mulling plans to change responsibilities and financing of local councils, according to information acquired by daily...

Banking

Anti-smoking bill to cut budget revenue by at least HUF 32.5 bln in 2011

Anti-smoking legislation, if passed in its current form by parliament, could reduce excise-tax revenues by between HUF 32.5 billion and...

Banking

Anti-smoking bill to cut budget revenue by at least HUF 32.5 bln in 2011

Anti-smoking legislation, if passed in its current form by parliament, could reduce excise-tax revenues by between HUF 32.5 billion and...

Banking

Gov’t keeps bank tax after riled by lenders’ protests

Hungary center-right Fidesz government has extended the bank levy out of anger after banks went to international forums to protest...

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...