Chequebook ready at OTP
OTP Bank is examining opportunities to expand inorganically everywhere and could make several acquisitions soon, chairman-CEO Sándor Csányi has said. Where OTP’s market share is small, it wants to expand[…]
Tagged: OTP Bank
Budapest Stock Exchange in world’s best
Budapest Stock Exchange’s main BUX index gained almost 32% in the first half of 2015, making it the third-best performing gauge of share price in the world. Only exchanges in[…]
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Sinking in the swamp
EU funds and the ever-present Hungarian corruption – Part 2
Hungary will receive more than EUR 34 billion of EU funds before 2020. Brussels wants the money to be used as efficiently as possible, to modernise underdeveloped regions and improve[…]
From Saul to Paul
Government redefines relationship with banking sector
The headlines always seem to be the same: the state buys up the top institute in the savings sector (Takarékbank), buys up MKB and BB, and now it is buying[…]
The Brief History of the Week
The news that made headlines
The Budapest Times is unrivalled among English-language print publications in the capital for its coverage of the week’s most important national stories, whether they be economic, political, cultural, sporting or[…]
Varga dangles bank tax review as FX hit looms
‘Smooth solution’ could bring sub-2% base rate
The government is mulling a rethink of its sectoral tax on banks, National Economy Minister Mihály Varga has said. He told public broadcaster Kossuth Rádió: “I don’t exclude the possibility[…]
FX-loan ball in government court after Kúria ruling
Banks call it an unfair decision
The Kúria, Hungary’s supreme court, ruled on Monday that some aspects of contracts for loans denominated in foreign currency were unfair. Shares of OTP Bank rose after the decision. The[…]
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