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Govt mulls bank tax change to revive lending

Hungary's government will review the bank tax in a bid to kick-start lending and boost growth, a senior Economy Ministry official told weekly Figyelő.

"The calculation of the conditions of the bank tax could be changed in order to encourage lending," Roland Nátrán, deputy state secretary for financial affairs at the ministry, told the weekly in an interview.

Nátrán said the bank levy, worth HUF187 billion a year, was one of several factors which curbs lending and drags down economic growth.

He added measures to revive lending were scheduled to be introduced before the autumn.

The government sees annual growth of around 3% in both 2011 and 2012.