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Treichl Does Not Expect Hungarian National Insolvency
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Published: January 14, 2012; 16:59 ♦ (Vindobona)
In spite of a large exposure in Hungary, Andreas Treichl, Erste Group´s CEO is optimistic. By 2014, Erste Group Hungary should be profitable again.
Treichl Does Not Expect Hungarian National Insolvency / Picture: © Vindobona.org
„Greece is in a desperate situation. The country may recover, if it leaves the euro-zone.“, Treichl says. “However, Hungary is in a different situation to Greece.” Erste Group´s CEO does not expect that Hungary has to declare its national bankruptcy. At the moment, Erste Group´s exposure in Hungarian sovereign bonds totals € 1.2bn, loans to Hungarian enterprises amount to…
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