Bloomberg News

Erste’s Treichl Says ‘Have to Expect Everything’ from Orban

October 28, 2011

Oct. 28 (Bloomberg) -- Erste Group Bank AG Chief Executive Officer Andreas Treichl said it was impossible to predict future actions on Hungarian banks by Prime Minister Viktor Orban’s government.

“We have to expect everything,” Treichl told analysts in a conference call when asked whether he expects Orban to force banks to swap Swiss franc-denominated mortgages into forint at below-market rates.

“I expect a lot of things, but I do think there is a limit” defined by European Union rules to what the Hungarian government can do, Treichl added.

To contact the reporter on this story: Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net


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