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Gov't aims for tax that will preserve banks' stability, propensity to lend

The government wants to introduce a bank tax that does not threaten the sector's stability or banks' propensity to lend, National Economy Ministry state secretary András Kármán said at a press conference on Thursday.

National Economy Minister György Matolcsy will meet with banking sector representatives for the first time to discuss the tax later on Thursday, Kármán said.

Prime Minister Viktor Orbán on Tuesday said the government would introduce an extraordinary tax on banks as well as leasing and insurance companies that would raise the amount of budget revenue from such institutions from HUF 13 billion in the 2010 budget to HUF 200 billion.

Combined after-tax profit of banks, leasing and insurance companies came to HUF 267 billion last year. (MTI-Econews)