Financial services

Battered by Sanctions and Shareholder Exits, Is End Nigh for Russian ‘Spy Bank’ in Hungary?

This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."

Why banks postponed dividend pay

The road banks still have to travel to approach normalcy is strewn with pitfalls, despite the high profitability recorded in 2022. This is confirmed by the shift in their intention to distribute dividends by one year.

There are three main reasons for that decision, the first being banks' need to protect their profitability through stable and recurring profits.

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