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Erste Bank takes 12% of Hungary private banking market

The private banking unit of Erste Bank managed HUF 210 billion at the end of February, giving it 12% market share, the unit's head said at a press conference on Monday. The unit had 2,250 clients at the end of February, said András Kállay. Erste took over the private banking clients of BNP Paribas's branch in Hungary at the end of November 2012.