Situation Of Hungarian Banks Touchy Topic In Austria
- 3 Feb 2014 3:00 AM
But he noted that Hungarian banks had been forced to write down big losses. Considering how long they are prepared to operate on a market where they are not generating profit is an absolutely rational question of doing business, he added.
“I hope that there is no pressure on Austrian banks to massively scale back their Hungarian units. In any case, they have to consider which banking activities are worth undertaking on the Hungarian market in the long term,” Nowotny said.
Source www.hungarymatters.hu
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