Hungary’s Biggest Bank CEO Calls for Euro Adoption and Predictability

The new chief executive officer of Hungary’s largest lender called for the adoption of the euro and for an end to ad-hoc policymaking under Prime Minister Viktor Orban that has sapped investor confidence and dented valuations.

Hungary, whose economy has been in-and-out of recession since the pandemic, has “decoupled” from eastern Europe by now, said Peter Csanyi, who took over the management of OTP Bank Nyrt. in May. It would be a “small surprise” if the economy grew 0.8% this year, he said, referring to the central bank’s downwardly revised forecast.