Report: Activists take over OTP branch in FX loan protest

Deals

Photo by Jessica Fejos

An activist group referred to as “I won’t give up my home” gathered supporters on Facebook prior to taking over the Florián tér branch of OTP Bank this morning to demand compensation for financial damages suffered through the FX loans conversion, Hungarian online daily origo.hu reported.

The bank remained open for business while the protest took place, and when the branch’s security personnel were unable to remove protesters, the police arrived at the scene, origo.hu reported. According to origo.hu, no one was apprehended, but police asked the activists to leave, as they were in violation of laws pertaining to public rallies. The protesters eventually left the branch.

The leader of the activist group, László Póka, said the demonstration was a success, as the group felt they had generated enough attention for their cause, origo.hu reported.

Póka added that he will face charges for the endeavour in addition to an earlier fine of HUF 75,000 for similar offences, however, he said he has no intention of paying the fine, but has opted instead to do jail time, the daily reported.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.