Bloomberg News

FHB Bank Falls to Month-Low on Hungarian Financial Tax Report

April 11, 2012

Foldhitel es Jelzalogbank Nyrt., the Hungarian mortgage lender known as FHB, fell to the lowest in more than a month after news website Origo said Hungary plans to introduce a financial transaction tax next year.

The shares dropped 2.5 percent to 538 forint by 10:09 a.m. in Budapest, the weakest intraday level since March 7.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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