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KBC Does Not Leave Hungary
Politics ♦
Published: February 1, 2014; 14:14 ♦ (Vindobona)
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The Belgian lender rejected rumors saying that the Hungarian unit may be sold. Not only KBC faces enormous difficulties in Hungary.
KBC Does Not Leave Hungary / Picture: © KBC
According to KBC Group, a withdrawal from Hungary is no issue. Before, German media reported that the Belgian bank may sell its Hungarian affiliate K&H. However, KBC underlined that Hungary remains a difficult market for banks. At the moment, KBC controls the third-largest Hungarian lender in terms of assets. According to Hendrik Scheerlinck, CEO of H&H, a withdrawal from…
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