Grand acquisition: MBH Bank owned by close friend of PM Orbán buys real estate broker

MBH Bank, Hungary’s second-biggest commercial lender, on Tuesday announced the acquisition of a controlling stake in real estate broker Otthon Centrum from a unit of Biggeorge Holding.

MBH Bank agreed to acquire an 80pc stake in the broker and expects to acquire the remaining 20pc stake in 2028, if certain conditions are met. The deal is expected to close, after regulatory approval, in Q1 2026. The transaction does not affect Otthon Centrum’s Polish business, the Hungarian News Agency wrote.

Otthon Centrum has over 200 offices around the country, along with 1,400 brokers and 500 financial advisors. MBH Bank said the transaction “completes” its “home financing ecosystem”, following the earlier acquisition of home savings bank Fundamenta Lakáskassza.

MBH Bank is owned by Lőrinc Mészáros, the wealthiest Hungarian, a close friend of the prime minister, who acquired more than 95% of his wealth after PM Orbán gained supermajority in 2010.

Read also:

• Wealthiest Hungarian gains control of Hungary’s second-largest bank built on public funds
• Budapest’s busy district will go under ambitious development – See the plans yourself!

Featured image: illustration. Source: FB/MBH Bank.