“We want to stay in Hungary, you shouldn’t forget we went there in 1987 as the first eastern European market,” Sevelda said at a press conference on Friday. “There’s a lot of heart and soul in that. Hungary as a neighboring country certainly has a higher priority.”
RBI will be announcing results of a European Central Bank (ECB) assessment of RBI’s balance sheet on November 25. Raiffeisen has fallen 14% on the Vienna Stock Exchange in 2013, dropping this year in Vienna trading, cutting RBI’s market value to €5.3 billion.