OTP Bank, Hungary’s biggest commercial bank held a general meeting today, in which it agreed to pay dividends. Sándor Csányi, Chairman and CEO of the Bank said he hopes the government will not burden the bank sector with other taxes, because the Hungarian bank tax was 17 times as big as in other European countries on average (40 times bigger than in France and 30 times bigger than the German tax). He said the government should re-think the transaction tax, because it could lead to the creasing of a shadow economy. OTP will pay out HUF 28 bn in dividends, HUF 8bn more than it distributed in 2019.
