Press Release: European Commission and IMF welcome reaffirmed commitments of the largest foreign banks in Hungary

In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries. These commitments, along with the balance of payments support package, are helping Hungary weather the economic downturn and return to a sustainable growth path.

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