Intesa injects HUF 37.5 bln into Hungarian unit CIB Bank
BUDAPEST Oct 4 (Reuters) - Italy's Intesa Sanpaolo has decided to inject 37.5 billion forints ($172.38 million) worth of capital into its loss-making Hungarian bank unit CIB Bank, the Hungarian bank said in a statement on Friday.
Intesa already injected 36.5 billion forints into CIB in June.
According to financial supervisory data, CIB posted a 127 billion forints loss last year which accounted for almost half of the total loss of Hungarian banks burdened by a surge in taxes in the past years.
CIB posted a further loss of 58 billion forints in the first half of 2013. ($1 = 217.5395 Hungarian forints) (Reporting by Sandor Peto)
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