The Hungarian Banking Association is the professional advocacy association of the Hungarian banking sector, coordinating and representing the views of the banking community. The Association establishes committees and working groups involving professionals from member banks to develop common positions.
The Hungarian Banking Association is baffled by the planned increase in the so-called extra profit (windfall) tax, as the consequences of the severe overtaxation of the financial intermediary system to date are clearly reflected in Hungary's unfavourable economic indicators.
When the so-called extra profit tax was introduced in 2022, originally planned for two years, the Hungarian Banking Association already indicated that the measure would not only undermine the profitability of banks, but also significantly worsen the situation and prospects of the entire Hungarian economy. Since the measure was introduced, the benchmark interest rate has fallen from 18% to 6.5%, which means that the extra tax is no longer justified and should be abolished rather than increased. Domestic banks have repeatedly stated that the extra burden imposed on top of hundreds of billions of forints in traditional taxes de...
The Hungarian Banking Association is baffled by the planned increase in the so-called extra profit (windfall) tax, as the consequences of the severe overtaxation of the financial intermediary system to date are clearly reflected in Hungary's unfavourable economic indicators.
When the so-called extra profit tax was introduced in 2022, originally planned for two years, the Hungarian Banking Association already indicated that the measure would not only undermine the profitability of banks, but also significantly worsen the situation and prospects of the entire Hungarian economy. Since the measure was introduced, the benchmark interest rate has fallen from 18% to 6.5%, which means that the extra tax is no longer justified and should be abolished rather than increased. Domestic banks have repeatedly stated that the extra burden imposed on top of hundreds of billions of forints in traditional taxes de...
The sixth edition of the “JÓTETTBANK – Month of Bank Blood Donors” social campaign has come to an end, during which employees of the banking sector made nearly 1,400 blood donations, helping to save the lives of more than four thousand people.
The Hungarian Banking Association firmly opposes the increase of the free ATM cash withdrawal limit, as it causes significantly more harm to society and the economy than the benefits it provides to the state.
Budapest, 6 October 2025 – Once again, representatives of the Hungarian banking sector and the Hungarian Banking Association are rolling up their sleeves to draw attention to the importance of blood donation. This joint initiative – supported for several years by the Ministry of Agriculture and partnered by the Central Bank of Hungary – aims to encourage bank employees to participate in voluntary blood donations, contributing to the production of thousands of blood products that can heal and save lives.