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Hungary cbank sets capital buffers for Raiffeisen, Intesa local units
July 3, 2017 / 1:17 PM / in 4 months

Hungary cbank sets capital buffers for Raiffeisen, Intesa local units

BUDAPEST, July 3 (Reuters) - Hungary’s central bank set systemic capital risk buffers on Monday for the local units of Austrian Raiffeisen Bank and Intesa SanPaolo for what it said was an insufficient clean-up of their distressed project loans.

The central bank set the capital buffer for CIB Bank at 2 percent of its total domestic risk exposure from July 1, while the buffer for Raiffeisen Hungary was set at 1.5 percent. (Reporting by Gergely Szakacs and Sandor Peto)

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