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Vox’s 2024 Accounts Reveal €7 Million Loan From Orbán-Linked Hungarian Bank

Members will vote on accounts that disclose lingering obligations to a state-linked Hungarian lender alongside fines over prohibited anonymous donations.

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Abascal clausura la IV Cumbre de la Iberosfera 'Unidos por la libertad'
Santiago Abascal y el primer ministro húngaro, Viktor Orban

Overview

  • The party’s General Assembly is set to ratify its 2024 financial statements this weekend before they are filed with the Tribunal de Cuentas.
  • Annual reports show Vox secured a second €7 million loan from Hungary’s MBH Bank for its 2024 European election campaign after a €6.5 million credit for the 2023 general elections.
  • By the end of 2024, Vox still owed just over €2 million on the newer loan, and repayments to date have cut the outstanding balance to roughly €1.45 million.
  • Vox leaders contend that Spanish banks refused to extend credit and that delays in state reimbursement of electoral subsidies prompted their turn to a foreign lender.
  • The Anti-Corruption Prosecutor’s Office dismissed a PSOE complaint about illegal financing in May, but the Tribunal de Cuentas imposed an €862,496 fine for treating merchandise sales as prohibited anonymous donations.