In a conference call this afternoon, Sevelda said RBI will “review our business model to reflect the new environment” in Hungary, national news agency MTI reported, adding that among positive developments in the country, he noted a portfolio improvement and said the Swiss franc problem had been “solved”. Sevelda also said that the bank “can see light at the end of the tunnel”.

Earlier today RBI reported that it was planning to “optimize” its business in Hungary.