'Banking Services are too Expensive in Hungary', Says Minister as he Flags Bank Closures
- 18 Feb 2026 7:25 AM
National Economy Minister Marton Nagy said banking services were overpriced and augured a further consolidation in the sector in a post on Facebook on Tuesday.
"Banks are still too expensive and there are too many of them," Nagy said in the post.
"A consolidation of the banking system cannot be put off any longer! Five big banks should remain," he added.
A diagram in the post showed the number of lenders in Hungary, excluding branch offices, fell from 47 in 2008 to 27 in 2023-2025.
Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.
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