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The MNB spoke about the Hungarian effects of the American bank failures, this is not 2008

According to the Hungarian Central Bank credit and balance sheets of local banks are healthythe bankruptcy of Silicon Valley Bank and Signature Bank it has no direct effect on the Hungarian banking system.

The MNB also said that the consolidated capital adequacy ratio of Hungarian banks is 1.5 times the level of 15 years ago, referring to the times around the 2008 crisis.

As we reported in several of our articles, the shares of European banks were also badly hit amid fears of American bank failures, and the OTP was not spared today either:

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