Sponsored
Article Tools

UniCredit: Withdrawal from Hungary as Potential Option

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…

This article includes a total of 308 words.

or Log In

Fast News Search
Related News
UniCredit Bank Ukraine and Ukrsotsbank to be Merged (December 3, 2013)
Bank Austria: Sales Proceeds for Kazakh Affiliate Dropped (December 2, 2013)
Wide Parts of CESEE Region Below Pre-Crisis Level (November 25, 2013)
RBI Examines Sale Offers in Hungary (November 19, 2013)
UniCredit: Net Income Driven By CESEE (November 11, 2013)
Read More
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
ISIN
IT0004781412
Featured
Meet the New Ambassador of Hungary to Austria: H.E. Mr. Andor Nagy
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter