Hungarian banks cautious on lending prospects, putting truce in doubt

April 16, 2015 3:28 PM

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BUDAPEST, April 16 (Reuters) - Banks in Hungary could lose out on a tax cut promised by Prime Minister Viktor Orban because they are struggling to meet a condition he has set them to increase their lending due to weak demand.

Reuters questioned seven major banks operating in Hungary, including the units of Erste, Raiffeisen and UniCredit, about their lending plans.

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