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Emerging Europe’s largest home-grown banking group has called for a reduction in taxes to help lenders weather the Covid-19 crisis. Laszlo Wolf, deputy chief executive of Hungary’s OTP Bank, says policymakers should try to keep “a reasonable balance” when introducing measures such as payment holidays.
“It is of great importance to support the players of the real economy, while at the same time observing the impact of such steps on the banking system,” he says.
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