RBI Not to Be Sold to Hungarian State

People ♦ Published: January 23, 2014; 16:55 ♦ (Vindobona)

Hungarian Minister Varga announced that the Hungarian state had no interest in taking over RBI’s local affiliate. Instead, RBI announced that staying in Hungary was “the right decision”.

RBI Not to Be Sold to Hungarian State / Picture: © Raiffeisen Bank International AG / S. Klimpt

"The Hungarian state does not intend to buy Raiffeisen Bank's Hungarian daughter in the near future," Economy Minister Mihaly Varga announced in a response dated January 22 published on the parliament's website. Last year RBI, the second biggest lender in the CEE region, announced examining offers for its loss-making affiliate in Hungary and its plans on focusing on more promising…