Govt measures will not scare off banks, says official

History

National Economy Ministry state secretary Zoltán Cséfalvay said in an interview with Gazdasági Rádió on Wednesday that he did not expect a single bank to pull out of Hungary because of government measures affecting the sector.

Banks will not leave the country because the region is the only one in which they can count on growth to support recovery from the crisis, Cséfalvay said.

Hungary's government introduced a bank levy last year and most recently forced banks to foot the cost of a discounted exchange rate in an early forex mortgage repayment scheme.

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