RBI: We Will Not Leave Hungary

People ♦ Published: October 18, 2012; 16:39 ♦ Updated: October 18; 17:08 ♦ (Vindobona)

Herbert Stepic, CEO of Austrian RBI (Raiffeisen Bank International) is highly dissatisfied with Hungary´s decision not to reduce bank taxes. However, RBI will stay, he says.

RBI: We Will Not Leave Hungary / Picture: © Flickr / St. Petersburg International Economic Forum

Despite the bad news coming from Hungary, RBI will not leave the country. However, the banking sector faces bad times at the moment, Stepic comments. RBI´s CEO criticizes that the Hungarian government primarily charges the banking sector. For him, Hungary is a “problem case”.

At the beginning of the year, Hungary´s government planned to replace the bank tax by a financial…