KBC Does Not Leave Hungary

Politics ♦ Published: February 1, 2014; 14:14 ♦ (Vindobona)

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…