On Road To Recovery

BMI View: After several painful years, the worst has passed for the Hungarian banking sector. The macroeconomic and regulatory backdrop has become more conducive to growth, while deleveraging has nearly run its course.With the government mandated conversion of household FX debt into local currency now behind it, the Hungarian banking sector is on the road to recovery. The smooth transition of FX loan conversions, which was done at spot FX rates with the contribution of around EUR9bn...

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