Raiffeisen Ready To Take Hungary's Gov’t To Court

  • 31 Mar 2014 9:00 AM
Raiffeisen Ready To Take Hungary's Gov’t To Court
Raiffeisen and other banks are negotiating with the MNB, but is ready to go to court, if necessary, over the Ft 98 million fine levied by the supervisory for passing the costs of the bank tax on to customers.

CEO of the Hungarian subsidiary Heinz Wiedner told a Friday press conference that the practice objected to was developed in consultation with the former supervisory Pszáf, and Raiffeisen lawyers argue that the practice was in line with the law.

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.

  • How does this content make you feel?