TITLE

Near-Term Upside Potential For Financials

PUB. DATE
July 2011
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jul2011, Vol. 18 Issue 7, p5
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article discusses the issue on eviction ban imposed by the banking industry in Hungary. It notes that this ban was intended for the non-paying mortgage payers. The government is initiating strategies to address this issue in an attempt to aid borrowers such as formulating a provision which entails an affordable exchange rate. With this initiative, majority of the banks were optimistic that this could help them in alleviating the pressure on bank's balance sheets due to unfavorable loans.
ACCESSION #
61210383

 

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