Erste’s rhetoric about Hungary has again turned more negative

Hungary should avert new “drastic” measures to help borrowers with foreign-currency mortgages as they would “only tear up wounds and wouldn’t provide a solution,” Radovan Jelasity, Erste Bank Hungary’s CEO, said in interview published in Vilaggazdasag newspaper.Erste expects 2013 results to be “similar” to 2012 without “positive breakthrough” Jelasity said. Note that the Hungarian Cabinet is seeking an agreement with lenders on boosting credit as it battles its second recession in four years while trying to help borrowers whose repayments soared with the weakening of the currency. /Slightly negative, weaker forint could mean higher cost of risk for Erste in Hungary. Erste’s rhetoric about Hungary has again turned more negative recently