Revolut Irresolute About Opening Subsidiary in Hungary

Banking

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Revolut has introduced several new features for its Hungarian customers in recent weeks, prompting business daily Világgazdaság to ask whether the financial institution would establish a subsidiary bank in Hungary.

Although the CEO of Revolut, Nikolay Storonsky, "did not rule out the opening of a physical branch" during his visit to Paris in January, Revolut told vg.hu that the opening of the branch was only an idea, so it is still uncertain whether it will be realized. 

"It is still an open question whether the idea will be realized, whether the establishment of the experimental physical branch will be successful, whether we should also open a new one, or whether we will test the concept in other markets," Revolut said in its statement.

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