Banking Sector Overview: The banking sector in Hungary is dominated by a few large players, including international banks like KBC, UniCredit, Raiffeisen, and ERSTE, along with the largest Hungarian-owned bank, OTP. The sector underwent consolidation following the global financial crisis, influenced by the Hungarian government’s interventions, including acquiring major stakes in several banks. Currently, the sector consists of various financial institutions, including commercial banks, foreign bank branches, mortgage banks, building societies, and specialized banks. However, there’s a noted low confidence in banking institutions among the Hungarian population
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