Foreign Currency Loans: Austrian Banks Appreciate Hungarian Decision

Professional Services › Banks ♦ Published: December 19, 2011; 11:10 ♦ (Vindobona)

Austrian banks reacted positively to the announcement of the Hungarian government to participate in costs for the conversion of foreign currency loans.

Foreign Currency Loans: Austrian Banks Appreciate Hungarian Decision / Picture: © Vindobona.org

Erste Group and Raiffeisen Bank International appreciate that Hungary participates in the costs for the conversion of foreign currency loans taken by Hungarian households. Bank Austria did not comment the announcement.

In September, Prime Minister Viktor Orban declared that Hungarians are allowed to repay the foreign currency loans at favorable conditions. As a result, Austrian…

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