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Hungary’s Government Improved Relations With Banks, Lenders Say

February 21, 2012, 3:13 AM EST

By Andras Gergely

Feb. 20 (Bloomberg) -- The relations between Hungary’s government and the country’s banks has improved since late last year, the Bank Association said today.

Consultations between the two sides have become “more constructive and open” since agreeing on plans last year to share the burden of the country’s foreign-currency loans, Levente Kovacs, the association’s general secretary said in an interview with Budapest-based Inforadio.

To contact the editor responsible for this story: Andras Gergely at agergely@bloomberg.net

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