Finance Insight: Banks Profits Fall Yet Face Heavy Special Tax Burden in Hungary
- 16 Mar 2026 1:54 PM
- Budapest Business Journal
Hungary's banking sector saw its combined after‑tax profit drop to HUF 1.502 trillion in 2025, an 8% decline from the previous year, even as lending and deposits continued to grow, online daily economic newspaper Világgazdaság reports.
Banks’ special levies rose 18% to HUF 122 billion, transaction fees increased 31% to HUF 539 bln, and the extra‑profit tax climbed 29% to HUF 166 bln, creating nearly HUF 830 bln in additional burdens.
The sector’s branch network shrank from 1,401 to 1,300 locations, yet employment rose to nearly 40,500 workers, 690 more than a year earlier.
By year‑end, the number of borrowers again exceeded 3.6 million, and total depositors reached a record 12.27 million, including 11.34 million retail customers.
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