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Raiffeisen: Downsizing in Hungary Completed
The Hungarian subsidiary of the Austrian lender Raiffeisen Bank International has no plans for further business downsizing.
Raiffeisen: Downsizing in Hungary Completed / Picture: © Raiffeisen Bank International AG / S. Klimpt
Raiffeisen Bank International AG’s Hungarian unit has no plans for “further downsizing” even though the unit posted its worst ever results in 2011, Chief Executive Officer Heinz Wiedner said.
Raiffeisen Hungary closed down about 10 branches in 2011, Wiedner said at a press conference in Budapest today. The lender is “fully committed” to Hungary and wants to remain a…
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