BUDAPEST: The bank of Raiffeisen’s CEO Heinz Wiedner stated in conference that the bank booked a HUF 114.7 billion loss in 2014, after closing 2013 HUF 31.2 billion in the red. Both the bank levy and the mandatory compensation due under borrower’s relief legislation hit the bank hard, Wiedner said.
Heinz Wiedner further stated that it a regretting situation for the bank to remain under loss but immediate measure will be taken in 2015 for the bank’s growth.
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