Hungaryʼs ruling Fidesz party has forced banks to finance the compensation of clients of Quaestor, a brokerage which collapsed in March.
Treichl said the governmentʼs handling of the case violated an agreement struck in February with the European Bank for Reconstruction and Development (EBRD) on taking a combined stake of up to 30% in Ersteʼs local unit.
“To our knowledge this has been communicated by the EBRD to the Hungarian government, therefore I believe that this matter will be solved somewhat amicably during the next few months.”
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