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View Full Version : 'Prohibitive Costs' Seen for Erste, KBC Hungary Exit, Citi Says - Bloomberg



NewsWhore
01-12-2012, 08:00 AM
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&#39;Prohibitive Costs&#39; Seen for Erste, KBC Hungary Exit, Citi Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFQprOMhLABfnHC43ynsnsM3uqAwg&url=http://www.bloomberg.com/news/2012-01-12/-prohibitive-costs-seen-for-erste-kbc-hungary-exit-citi-says.html)
Bloomberg
Banks are struggling in Hungary, which last year decided to force lenders to take losses on foreign-currency mortgages after introducing Europe&#39;s highest bank levy in 2010. Should all three banks decide to “exit Hungary, we estimate the cost of doing ...

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