Credit Agricole Bank closes branch in Hungary

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France's Credit Agricole Bank is closing its branch in Hungary, business daily Napi Gazdaság reported on Monday, citing the bank's press department in Paris.

A decision has not yet been taken on a date for closing the branch, but clients have already been informed of the move, the paper said. The bank's press department said no new contracts are being signed at the branch and client services are being transferred.

About 60 people work at Credit Agricole Bank's branch in Hungary.

Napi Gazdaság said a Russian financial group is interested in the branch.

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