March 6, 2019 / 4:47 AM / 3 months ago

Hungary cbank head sees room for more bank mergers -website

BUDAPEST, March 6 (Reuters) - There is room for further consolidation in the Hungarian bank sector as the market can sustainably accommodate just five or six big players, central bank Governor Gyorgy Matolcsy was quoted as saying in an interview published on Wednesday.

Matolcsy, reappointed this month for a second six-year term at the helm of the National Bank of Hungary, also told the news website novekedes.hu that he expected an upgrade by credit rating agency Moody’s in the near future.

He did not comment on the monetary policy outlook. (Reporting by Gergely Szakacs; Editing by Clarence Fernandez)

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