Politics

Austrian Banks to Stay in Hungary

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: © Flickr

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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Austrian Banks to Stay in Hungary

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.