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View Full Version : Erste Becomes First Foreign Bank to 'Ring-Fence' Hungarian Unit - Bloomberg



NewsWhore
10-10-2011, 06:50 AM
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Erste Becomes First Foreign Bank to &#39;Ring-Fence&#39; Hungarian Unit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHtCOiDVpoBXDCKQwBvJpdPX9TkeQ&url=http://www.bloomberg.com/news/2011-10-10/erste-becomes-first-foreign-bank-to-ring-fence-hungarian-unit.html)
Bloomberg
Parliament last month approved a law that allows the early repayment of foreign-currency mortgages at more than 20 percent below market rates and forces lenders to swallow losses on them. The move came after the government last year levied a 120 ...

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