Erste, UniCredit, Intesa, KBC, Raiffeisen Commit to Hungary
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Erste Group Bank AG, Intesa Sanpaolo SpA, KBC Groep NV, UniCredit SpA and Raiffeisen Bank International AG, five of Hungary’s seven largest lenders, said they aren’t planning to pull out of the country.
Hungary this year imposed a special levy on the financial industry to plug a hole in the budget. The levy has drawn criticism from the European Central Bank and the International Monetary Fund for its size.