Hungary lenders should provide free bank transfers for retail clients -cbank

MBH Jelzalogbank Nyrt

09/01/2020 09:59

BUDAPEST, Jan 9 (Reuters) - Hungary's central bank expects
local lenders to provide retail accounts that allow an unlimited
number of transfers without transaction fees, two central bank
officials wrote in an article published on business news website
portfolio.hu.
    "The (National Bank of Hungary) handles this as a special
priority and will use all tools at its disposal to achieve this
objective," Lajos Bartha and Lorant Varga wrote in an article.
    A government tax on financial transactions is expected to
raise 226 billion forints ($756.79 million) this year.
($1 = 298.63 forints)

 (Reporting by Gergely Szakacs and Krisztina Than)
 ((gergely.szakacs@reuters.com ; https://twitter.com/szakacsg ;
+36 1 882 3606 ;
https://www.reuters.com/journalists/gergely-szakacs))