Hungary's OTP Bank Projects Increase in Financial Transaction Tax for 2024

Hungary's OTP Bank Deputy CEO Bencsik announced an anticipated rise of about 25 billion forints in the financial transaction tax payable in 2024. The bank continues to seek acquisitions to bolster its portfolio.

Hungary's OTP Bank Deputy CEO Bencsik has projected a significant increase in the financial transaction tax payable in the country for the year 2024. The anticipated rise is estimated to be about 25 billion forints.

In addition to the tax forecast, Bencsik disclosed that OTP Bank continues its pursuit of acquiring more banks to strengthen its market position and expand its financial portfolio.

The bank's strategic moves and tax projections are part of its broader efforts to navigate the evolving financial landscape in Hungary.

(With inputs from agencies.)