Banking Sector: A Big Move Back Towards Normality

HUNGARY - Report 11 Feb 2015 by Istvan Racz
Executive Summary Life in the domestic banking sector has been unusually eventful in recent weeks. In a surprise move, the government signed a memorandum of understanding with the EBRD on its future policy intentions regarding the banking sector. Committing to bank privatization, the reduction of regulatory interference and of the extraordinary banking tax, this document represents a clear break with the previous unorthodox policy line followed in this area, apparently in an effort to revitalize banking activity at a critical time. The compensation and debt conversion program is now in impl...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.