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VIG Has „No Problems in Hungary“

People ♦ Published: January 11, 2012; 17:15 ♦ (Vindobona)

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“We are an insurance group and not a bank.”, said the management of Vienna Insurance Group. Nevertheless, the developments are observed thoroughly.

VIG Has „No Problems in Hungary“ / Picture: © Vindobona.org

The highly tensioned financial situation of Austria´s Eastern neighbor does not cause severe concerns for VIG. CEO Günter Geyer stated, that Hungary has “very serious problems”. Possibly, premium intake could stagnate or slightly decrease over the next years. Nevertheless, the foreign currency problems do not affect VIG. At least, Austria would have large interest in finding a…