Austrian Banks to Stay in Hungary

Politics ♦ Published: March 14, 2013; 17:21 ♦ (Vindobona)

In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.

Austrian Banks to Stay in Hungary / Picture: © Vindobona.org

Hungary´s government wants to make domestic banks stronger and more competitive. This week, Prime Minister Viktor Orban criticized that the share of foreign banks comes at 80%. According him, the high share of foreign banks is “unhealthy”. This share must be pushed below 50%, he said. As foreign banks cannot be nationalized, Orban will strengthen the publicly held banking sector.…

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Banking Industry, Erste Group, DZ Bank, Germany, Hungary, RBI Raiffeisen Bank International, Bank Austria, Taxation, Regional Economic Policy, Viktor Orban
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