UniCredit: Withdrawal from Hungary as Potential Option

People ♦ Published: December 4, 2013; 11:07 ♦ (Vindobona)

UniCredit does not completely rule out a withdrawal from the Hungarian market in case further burdens will be imposed on banking institutes.

UniCredit: Withdrawal from Hungary as Potential Option / Picture: © UniCredit Banca

The Italian major bank seems weary of the banking regulations in Hungary. In case the Hungarian state should consider imposing further taxes and burdens on banking institutes, UniCredit does not completely rule out a withdrawal from the Hungarian market.

Gianni Franco Papa, Deputy CEO of Bank Austria and head of the CEE Division points out that the limits of what the bank can…

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Hungary, Banking Industry, UniCredit, Italy, Bank Austria, Taxation, Monetary Policy, CEE Central Eastern Europe, Lending, Capital Markets, Leaders, Gianni Franco Papa, MNB Hungarian National Bank
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