Hungary's banks face big rise in fees for brokerage troubles

April 11, 2015 8:39 AM

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BUDAPEST, April 11 (Reuters) - Hungarian banks and investment funds will see their insurance fees more than double from next year to cover the cost of a series brokerage bailouts, the central bank's managing director, Marton Nagy, said in a newspaper interview on Saturday.

Annual payments by the financial sector into deposit insurance fund OBA and investor protection fund BEVA will rise by 20 billion forints next year to 35 billion to cover the costs of these rescues, Nagy told daily newspaper Magyar Hirlap.

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