The reduction of the bank tax could lift new loan outlays by HUF 200 billion, according to the Bankin Assocation.
The government would reduce the bank tax by HUF 20 billion in the 2017 budget, Minister for the National Economy Mihály Varga announced at the AGM of OTP on Friday. The Banking Assocaction welcomed the cabinet's plans, which would increase the competitive position of banks.
