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RBI: We Will Not Leave Hungary
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Published: October 18, 2012; 16:39 ♦ Updated: October 18; 17:08 ♦ (Vindobona)

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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.

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…
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