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Exit in Hungary Would be Expensive
In case of leaving the Hungarian market, Austrian banks would face enormous costs, says Citigroup.
Exit in Hungary Would be Expensive / Picture: © Vindobona.org
Erste Group Bank AG, KBC Groep NV and Raiffeisen Bank International AG would be faced with “prohibitive costs” of more than € 11bn ($ 14bn) should they decide to exit the Hungarian market, according to a note from Citigroup.
“We believe the cost of exiting Hungary in a disorderly fashion would be prohibitive for all three banks with Erste having the highest cost, and even…
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