MNB sees banking sector integration on horizon

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Bank sector integration is the future, National Bank of Hungary deputy governor Ádám Balog said today at a presentation at the University of Szeged in southeastern Hungary.

Balog said fewer products of better quality would become available as a result of the integration on the banking market. Balog added that the integration could take place as bigger players integrate with smaller ones, as weaker banks ally, or as some banks withdraw from the market.

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