Radovan Jelasity to head Hungarian Banking Association

Radovan Jelasity was elected chairman of the Hungarian Banking Association. Jelasity replaces Andras Becsei, who will serve as deputy chair. Jelasity, who is chairman and CEO of Erste Bank Hungary, admitted the country will be facing challenging economic times due to the coronavirus but sees the banking sector as a “catalyst” for moving forward in a positive direction and is supporting the government’s efforts to restart the economy. “I am committed to dialogue and to shared solutions that are acceptable to everybody,” Jelasity said. “The banking sector is not only an integral part of the economy, but a reflection of it, too: there can be no stable and strong banking sector without a robust economy, just as there can be no robust economy without a strong banking sector.”