Bloomberg News

Hungarian Banks’ Shock-Absorbing Capacity Fell ’Significantly’

September 30, 2011

Sept. 30 (Bloomberg) -- Hungarian banks’ shock absorbing capacity has declined “significantly” and is likely to remain at a low level throughout 2012, the Banking Association said.

The “conservative” lending policy of banks is set to persist for a “longer period,” according to a written presentation from the association, distributed in Budapest today.

To contact the editor responsible for this story: Edith Balazs at ebalazs1@bloomberg.net


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