Hungary: Half a million bank accounts have been blocked

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November 11, 2019

Customers have failed to identify for close to half a million corporate and retail accounts, said Levente Kovács, secretary general of the Association today at a press conference. Eighty percent of them are actually sleep accounts. 

On October 31, the deadline for bank reconciliation expired, and then the bank account of the defaulting bank was blocked. About half a million retail and corporate bank accounts have been blocked by banks, said Levente Kovács, secretary general of the Association today.