Reuters: US Dollar Report: Hungary's OTP says could survive any new FX loan scheme

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Hungary's OTP says could survive any new FX loan scheme Jul 24th 2013, 11:08 BUDAPEST, July 24 | Wed Jul 24, 2013 7:08am EDT BUDAPEST, July 24 (Reuters) - Hungary's OTP Bank would survive any kind of new government measure to help foreign currency mortgage holders with ample capital left, the bank's chief said on Wednesday, but a radical measure would hurt trust in Hungary. OTP chief executive and chairman Sandor Csanyi said he hoped the government would consult with the country's Bank Association before taking a decision on foreign currency loans, but added this was "only a hope." "There cannot be a solution in the foreign currency loans issue which OTP would not survive with appropriate capital left. We may not make acquisitions in that case," Csanyi told journalists.

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