Hungarian Banks Lack Resilience as State Interferes, EBRD SaysBy
EBRD support conditional on government delivering commitments
Long-term funding, bad loan resolution needed for new loans
Hungary’s banking sector, saddled by "substantial" state involvement, lacks resilience and lenders need more long-term investment to bolster the sustainability of the industry, the European Bank for Reconstruction and Development said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.