• Home
• Channel: Finance
• Hungarian Banks Should Improve Efficiency, Boost Lending Says National Bank Official

Hungarian Banks Should Improve Efficiency, Boost Lending Says National Bank Official

• 12 Apr 2019 7:45 AM
• Hungary Matters

Márton Nagy (pictured on top left), deputy governor of the National Bank of Hungary, urged Hungarian banks to improve their efficiency and embrace innovation while boosting lending.

Speaking at a conference organised by portfolio.hu, Nagy said the banking market in Hungary is oversaturated and it would be sufficient to have five large universal banks.

Bank products continue to be very expensive, he said. He called on the bank sector to support sustainable economic growth, which would require a 12 to 14% increase a year in long-term lending volume.

He said Hungarian banks would need fewer but more modern branches, and they should also progress in digitalisation in order to be able to adapt to new fintech solutions.

MTI Photo: Koszticsák Szilárd

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Banks Digitalisation

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Hungary Scores 63 on Mastercard Digital Payment Index

• 12 Nov 2025 5:36 AM

Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.



Latest Tax Guide Finds Hungary’s Tax Regime is Atypical in EU

• 22 May 2025 4:07 PM

Hungary’s tax regime stands out in the region with a unique model combining business-friendly corporate tax rates with extra-high levies on consumption, according to the latest tax guide by consultant Forvis Mazars, which covered 22 European and three Central Asian countries in its annual report.



Updated: New Capital Programme Supporting SME's in Hungary to Launch with HUF 100 Billion in February

• 11 Dec 2024 6:11 AM

The Demjan Sandor Capital Programme, an element of the Demjan Sandor Programme for scaling up local SMEs, will launch with an allocation of HUF 100bn in February, the state secretary for SMEs announced.



Revolut Bank CEO Visits Hungary, Why?

• 13 Sep 2024 7:41 AM

National Economy Minister Marton Nagy met with executives of Revolut Bank at his office in Budapest on Thursday, his ministry said.