Capital Increase at RBI Hungary

People ♦ Published: January 28, 2014; 16:55 ♦ (Vindobona)

RBI (Raiffeisen Bank International) will make a capital injection of € 55m in its Hungarian affiliate

Capital Increase at RBI Hungary / Picture: © Raiffeisen Bank International AG / S. Klimpt

"Due to the current political and economic developments in Hungary, the group considers the risk that additional legislative measures, which adversely affect the banking sector as a whole and foreign banks in particular, are taken by the Hungarian government to be significant," RBI said in a press release. Hungary has been a challenging market environment for financial institutes both…