The government now also has a state bank. And in Hungary, too, the notion is slowly prevailing that a healthy banking presence is necessary for healthy economic development,” Sevelda said in an interview published on Die Presse’s website late Sunday.

Sevelda noted that RBI had received several offers for its Hungarian unit and the bank had negotiated further with a single investor.

“The offer did not meet our conditions. With that, the sale became a non-issue,” he added.

Source www.hungarymatters.hu

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