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Major Changes in Hungarian Banking Industry Ahead
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The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.
Major Changes in Hungarian Banking Industry Ahead / Picture: © Vindobona.org
After the centre-right Fidesz has returned to power in 2010, the frame conditions for the Hungarian banking sector has changed fundamentally. Particularly for foreign banks, Hungary has become one of the least attractive markets. This is fully in line with the objectives of the Hungarian government. In late 2012, Prime Minister Orban announced that the market share of foreign banks…
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