Biggest banks pay first installment of levy by deadline
<p>Budapest, September 30, 2010 (MTI-ECONEWS) - Hungary s biggest banks paid the first installment of an extraordinary tax on financial sector companies before the deadline on Thursday.</p>
OTP Group told MTI it paid HUF 18bn in the first installment, half of the amount it must pay for the full year.
The second installment of the tax is due on December 10.
K and H bank said it would pay HUF 16.2bn for the levy for the full year, including HUF 14.2bn for the parent bank, HUF 1.3bn for its insurer, HUF 200m for its fund manager and HUF 400m for its leasing company.
CIB Group will pay HUF 12.8bn for the full year, including HUF 10.7bn for the parent bank, CIB said.
Erste Bank Hungary must pay HUF 12.7bn for the levy. It paid half of the amount on September 30, it said.
The tax will generate HUF 200bn in revenue for the state this year.