Hungarian insurers to pay no bank levy from 2013, ministry confirms

Hungarian insurers will no longer pay the extraordinary levy on financial sector companies from next year, the National Economy Ministry said on Tuesday, confirming a measure outlined in the recently unveiled Széll Kálmán Plan 2.0, an updated structural reform program.
BusinessThursday, 07:25 May 10., 2012 Read more

Gov't unveils Széll Kálmán Plan 2.0

Measures contained in the plan will improve the fiscal balance by HUF 750 billion in 2012-2013, the government says.
EconomyMonday, 15:40 April 23., 2012 Read more

Hungary gen gov't deficit almost 90% of full-year target in Q1

The general government had a cash flow-based deficit of HUF 517.5 billion in the first three months of 2012, and a deficit of HUF 230.9 billion was recorded in March alone.
EconomyFriday, 09:35 April 6., 2012 Read more

CIB Group books HUF 37.3 bln loss for 2011

The loss was caused by the early repayment scheme, the bank levy, the weak forint and a deteriorating external economic environment.
FinanceThursday, 16:25 March 29., 2012 Read more

Total assets of RBI business in Hungary fall 14% in 2011

Hungary is "without a doubt the most difficult market for us at the moment," RBI CEO says.
FinanceThursday, 13:15 March 29., 2012 Read more

End to bank levy, early repayment would boost lending, bank chiefs say

The Hungarian government should quickly scrap or sharply reduce the bank levy and wind up an early foreign currency-denominated mortgage repayment scheme to avoid a credit crunch, Hungarian bank chiefs said at a National Bank of Hungary (MNB) conference on Thursday.
FinanceThursday, 20:25 December 8., 2011 Read more

IMF could request lower bank levy, wider sharing of FX repayment burden - City analysts

The International Monetary Fund (IMF) is likely to ask Hungary to reduce the tax burden on banks and share the burden more broadly of a government scheme allowing full early repayment of foreign currency-denominated mortgages at discounted exchange rates, emerging market analysts based in London told MTI on Monday.
EconomyTuesday, 09:25 November 22., 2011 Read more

Bank levy, provisioning for early repayment push FHB in the red in Q3

Business, 15:20 November 20., 2011 Read more

Bank levy, bad loans push Erste Bank Hungary into red

Erste Bank Hungary had consolidated IFRS pre-tax losses of HUF 8.04 billion in the first half of 2011 
BusinessFriday, 14:40 July 29., 2011 Read more

Nomura predicts 4.4% budget deficit in 2012

Hungary's government is likely to introduce “further one-off, growth reducing measures,” said Nomura Plc's economist Peter Attard Montalto
EconomyMonday, 16:35 July 25., 2011 Read more

TakarékBank 2010 profit falls 59%

After-tax profit of TakarékBank slipped 59% to HUF 601 million in 2010, as the bank levy ate up earnings, a statement from the bank says
BusinessThursday, 11:10 April 28., 2011 Read more

Ministry denies agreement with banks on troubled borrowers (reacts on former item on 35% cut of banking tax in 2013)

The National Economy Ministry and the Hungarian Banking Association have not yet reached an agreement on troubled borrowers, and the information carried by the business website mfor.hu is totally unfounded, the ministry said in a statement on Tuesday.
BusinessTuesday, 16:05 April 26., 2011 Read more

Bank tax hinders recovery, says MNB exec

Scale of bank levy keeps banks from contributing to recovery, says NBH deputy governor
EconomyFriday, 15:25 April 15., 2011 Read more

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