In the first minutes of trading, the mood on the Hungarian stock exchange was bad, and BUX is currently down 0.8 percent. Among the local blue-chips, OTP is already down 2.3 percent, while Mol is up 0.8 percent, Richter’s listing is down 0.9 percent, and Magyar Telecom is up 1.2 percent.
The fall of the Prosecutor General’s Office was not accidental, government information announced at the end of last week that the government will extend the interest rate freeze to small and medium enterprises, and the interest rate freeze will take effect automatically, and there is no need to apply for it, it concerns 60,000 companies Small and medium, 100,000 loan, of which up to 2,000 billion HUF means credit. The banking system bears the burden of an interest rate freeze, as in the case of a retail rate freeze, causing a loss of approximately CHF 150 billion to the banking system in one year, because half a year, half of that could be a burden on the banking system.
There was also positive news for the banking sector in the government information over the weekend, as the government plans to use the bank tax not only as a financial tool, but also as an economic one. Accordingly, together with the Association of Banks, they will begin to work on a program, the essence of which is that the banks that lend more should pay less bank tax.
The OTP exchange rate fell about 2.8% after the opening.