trending Market Intelligence /marketintelligence/en/news-insights/trending/5jkZUZwFKRZoxnPmvOFXVA2 content esgSubNav
In This List

More room for mergers in Hungary banking sector, says central bank governor

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021

Blog

Banking Essentials Newsletter: November Edition 2021 - Part 2


More room for mergers in Hungary banking sector, says central bank governor

Hungary's central bank Governor Gyorgy Matolcsy believes the local market can only accommodate up to six large banks in the long term, Reuters reported, citing novekedes.hu.

"In an international comparison, the domestic bank system operates with fairly high costs and is expensive," Matolcsy said.

"One form of boosting efficiency is consolidation. Therefore, I see scope for certain domestic institutions to merge in the future."

Large banks in Hungary include OTP Bank Nyrt., Belgian KBC Group NV's local unit K&H, Austrian Raiffeisen Bank International AG and Erste Group Bank AG and Italian UniCredit SpA and Intesa Sanpaolo SpA.