A major factor behind the losses was that the bank group decided to launch a loan conversion program for clients holding Swiss-franc-denominated loans at its Romanian unit. This alone reduced Q3 income by HUF 25.5 bln, he said.
In the report, the bank said that, excluding the impact of FX conversions in Hungary, Romania and Croatia and a number of smaller, one-off factors, profit for the period would have reached HUF 34.6 bln.
The bank levy is very harmful for the Hungarian economy and every initiative to reduce the burdens on the banking sector is positive, Bencsik said in response to a question.
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