Losses in Hungary Keep Within a Limit

Business › n.a. ♦ Published: February 1, 2012; 17:29 ♦ (Vindobona)

The deadline for the conversion of Hungarian foreign currency loans expired. Austrian banks think that their provisions are sufficient.

Losses in Hungary Keep Within a Limit / Picture: © Vindobona.org

For domestic banks, built reserves for losses in Hungary are sufficient. At the end of January, the deadline for the conversion of Swiss-Franc and Euro-loans has expired for private households. Interested persons had to file for conversion until the end of December 2011. Erste Group and Raiffeisen Bank International (RBI) think that there will be no further unpleasant…

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