Sponsored
Article Tools

Austrian Oberbank Shines in Hungary

Published: May 22, 2014; 08:42 · (Vindobona)

Austrian Oberbank bucks the trend of terminating business activity in Hungary. Instead, the financial institute plans on growing in one of the most difficult markets in Europe.

While other banks are leaving Hungary Oberbank is doing well. / Picture: © Oberbank AG / STRADEGY.at (2017)

Oberbank’s board member Franz Gasselsberger highlighted that the Austrian bank levy was causing greater difficulties than the Hungarian bank tax, as reported b y Hungarian news agency MTI. However, the banker pointed out that Oberbank was still satisfied with the results of the Hungarian affiliate, which contributed to the banking group’s profits.

Oberbank has been active in…

This article includes a total of 123 words.

or Log In

Fast News Search
Related News
Oberbank: Slow Expansion Strategy to be Continued (April 2, 2014)
Hungarian Recovery Remains Shaky (March 31, 2014)
Austrian Bank Levy: “Penalty Gone Wild” (January 22, 2014)
Austrian Banks to Resist Further Burdens? (January 20, 2014)
Bank Levy: Austrian Regional Banks Under High Pressure (January 16, 2014)
Read More
Banking Industry, Oberbank, Leaders, Franz Gasselsberger, Hungary, Taxation, Expansion, FDI Foreign Direct Investments, Earnings
Featured
Meet the New Ambassador of the Republic of Ecuador to Austria: H.E. Mr. Roberto Betancourt Ruales
Meet the New Ambassador of Hungary to Austria: H.E. Mr. Andor Nagy
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter