Patai predicts two more lean years for Hungarian banks

Analysis

Hungarian Banking Association President Mihály Patai expects it to take another two years before the government eases measures leveled at banks and for economic growth to enable household lending to recover, Reuters reported in an interview with Patai on Thursday.

"Reconciliation will come but the road to reconciliation from the freedom fight that the government is having against the banking sector will be much longer and bumpier than I anticipated a couple of years ago," Patai said.

Patai does not believe that household lending will grow until 2017, but said he does “believe corporate lending will grow by a few percent this year already and also next year.” He also noted that the banking sector as a whole will make a modest profit for the first time in several years.

ADVERTISEMENT

Poland c/a deficit larger than forecast Figures

Poland c/a deficit larger than forecast

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.