Raiffeisen Bank books HUF 115 bln loss in 2014
Raiffeisen Bank in Hungary booked a HUF 114.7 bln loss last year, after closing 2013 HUF 31.2 bln in the red, CEO Heinz Wiedner said at a press conference yesterday, according to Hungarian news agency MTI.
Both the bank levy and the mandatory compensation due under borrowers relief legislation hit the bank hard, Wiedner said.
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