NBH launches sale of MKB Bank
Budapest, October 2 (MTI) – The National Bank of Hungary (NBH) on Friday announced the launch of the sale of MKB Bank, which the state acquired from BayernLB last year.
Potential institutional and private investors may participate in the tender for the bank by invitation, the NBH said, adding that it aims to “complete the process” of the sale by the end of 2015.
The NBH acknowledged the sale is “a transparent procedure supervised by the European Union, which must be carried out in compliance with the applicable market standards”.
When the sale is completed, MKB will continue its operations as a “stable, competitive, profitable bank”, the NBH said.
After the sale, MKB Bank’s ownership structure “should be in line with the NBH’s strategy concerning the domestic banking sector, which is designed to contribute to the stability of the financial intermediary system, enhance competition among credit institutions and support prudent and sound banking management over the long term,” it added.
Photo: ittlakunk.hu
Source: http://mtva.hu/hu/hungary-matters
please make a donation here
Hot news
Top Hungary news: Wizz Air winter schedule, forint’s record low, Budapest’s best hotels, new Asian factory — 30 October, 2024
Hungary summons Swedish ambassador over PM’s comments on Orbán’s Georgia visit, rejecting ‘outrageous’ interference claims
Residents outraged over new Asian factory planned for Pest County, Hungary
Hungarian government unveils new economic initiatives: Blue-collar loans, home renovation subsidies, and family tax credits
Wizz Air expands horizons: Direct flights from Budapest to 71 airports in 32 countries this winter!
Hungarian Tisza Party announces open selection process for officials amid economic critique
