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Employment at banks on the rise

Aggressive expansion among Hungarian credit institutions has sparked a modest employment boom in the domestic banking sector in 2005, according to an article published in the Friday edition of the economic daily Világgazdaság. While in recent years banking-sector employment had been stagnant, with Hungarian Financial Supervisory Authority (PSzÁF) statistics showing the number of those working at Hungarian credit institutions to have increased by only slightly between December of 2002 and December of 2004, all banks willing to disclose their employment data as part of the Világgazdaság survey reported an increase in personnel in 2005. (Econews; Fri Vg 1)