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View Full Version : Hungary's Banking Sector Unprofitable for First Time in 13 Years - Bloomberg



NewsWhore
02-23-2012, 10:00 AM
Hungary's Banking Sector Unprofitable for First Time in 13 Years (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHgZWVE_Y0XP2rtU0ll2sSe4kGyrQ&url=http://www.bloomberg.com/news/2012-02-23/hungary-s-banking-sector-unprofitable-for-first-time-in-13-years.html)
Bloomberg
Hungary's banking industry was unprofitable for the first time in 13 years in 2011 because of losses from foreign-currency mortgage repayments, rising bad loan provisions and a special industry tax. Commercial banks posted a combined loss of 92.6 ...

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