Company of PM Orbán’s son-in-law buys majority shares in Gránit Bank
BDPST Group, the company of István Tiborcz, has signed a share purchase agreement for the purchase of a 57% stake in Gránit Bank Zrt. BDPST Group bought the stake from the E.P.M. consulting firm, the company of Éva Hegedüs, the Chairman and CEO of Gránit Bank.
Founded in 2015, BDPST Group is a dynamically growing capital investment, real estate development, and hotel management company, with the strategic goal of becoming a group of companies with outstanding market performance.
Entering the banking sector
It has long been rumoured in the domestic financial market that István Tiborcz, with his extensive domestic and foreign real estate and tourism portfolio, as well as his holding company, may somehow appear on the financial services market, writes Telex. Although Gránit Bank can be considered a small, niche bank (specialising in a service or field) compared to retail banks,
the entirely Hungarian-owned financial institution is the fastest-growing bank in the domestic banking sector, and it was the first bank in Hungary to adopt a digital business model.
Gránit bank started its activity as a greenfield bank in May 2010. Its balance sheet total has increased 90 times since its foundation, and the number of its customer accounts now exceeds 80,000.
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What is changing?
According to the announcement, BDPST Group has signed a share purchase agreement for the purchase of a 57% stake in Gránit Bank Zrt. and has submitted the application for the required financial supervision permit to the Hungarian National Bank to close the transaction. However, it was not disclosed how much BDPST Group paid in the deal.
The transaction does not change the management of Gránit Bank; the bank will still be managed by Éva Hegedüs, the current Chairman and CEO.
“As a committed financial investor, BDPST Group wants to support the business strategy of Gránit Bank in the long run. We want to provide the capital needed for the bank’s further dynamic growth in the form of a capital increase,” writes BDPST Group on its website.
The transaction related to the 57% stake will be carried out by the investor through the sale and purchase of stakes, for the preparation of which agreements with third parties are being set up, and the authorisation procedure of the Hungarian National Bank is in progress.
“The purchase of Gránit Bank meets all the conditions that are important to us since it is a future-oriented investment that has room for both digitalisation and innovation,”
added István Tiborcz.
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Source: bdpstgroup.hu, telex.hu
7 Comments
Handy for him if he wants to launder money I guess.
The son and brother have made millions just for being a Biden. China made a half billion dollar finacial deal Long with millions from Russia and Ukraine along with other countries- no purchase necessary and it been gong on for over 30 years with 10% for the big guy. This is all
Documented on his sons laptop in his own words. The media has little interest in the story, but if you are interested read the book LAPTOP FROM HELL- shows how corrupt the country has become- yet you can’t mention Ukraine with out them mentioning the most corrupt on the planet – any corruption was complements of the US. That includes big business and the media.
Banks – should be – FREE Standing Enterties.
This HIGHLIGHTS – by share holding DOMINANCE – the power, the ability of manipulation, determining the AGENDA – that this BANK – its course – can be set by Share Holder – DOMINANCE.
Free Standing Enterities – that Banks should be Legally operated under – should, like “other” wealthier countries than Hungary – that are under Democratic rule – set a ceiling of 9.9% maximin of share holdings.
The subject this article is written – DANGEROUS for Hungary on-going.
The Rothchilds – are we seeing the growing “likeness” of the Orbans & “others” ///
Insider Trading – Deals of Favour – this Vile situation – opens a massive “Can of Worms” that can become a cataclysmic Financial & Economic Disaster and Embarrassment for a country – Hungary.
The Son in Law – of the present Prime Minister of Hungary – Victor Orban beyond reasonable doubt – has his ear and likewise.
Money buys Power – and Power is the “Creed” – the entire Philosophy of the Political Party – that is headed by the present Prime Minister of Hungary – Fidesz – that continue to be PERMITTED – to “turbo on” – by any means – seeking & growing – POWER – in the Political System, the fragmented and distorted “modus operandi” interpretation – they practice – under there ideas of DEMOCRACY.
Hungarians – the “food on the plate” – for thought continues to Grow – which come National Elections April/May 2022 – adds to the deepness of thinking Hungarians need to seriously consider – come the day they cast there Vote – as to WHO – they see – are best Qualified – to led Hungary – into the Future.
Robert. H. Jackson quote :
“Men are more often Brided by their – Loyality and Ambitions – than by Money”.
Tiborcz István is a very talented, deserving person and an Example to all young, ambitious Hungarians! #dynasty
@Aron
And how much did they pay you to say that, or do you have shares in the bank too !!
@TM: pray tell what the Bidens may or may have not done got to do with this subject? This tired old routine of some Hungarians forever trying to deflect doesn’t wash. The article is about a Hungarian in Hungary, not some person in the USA!
Dynasties – the Study of them – over centuries – Fascinating.
In the 21st century, looking back in time, have they “Shaped” the world for a better place or not ?
The impact on life, that dynasties have played – through history – Gigantic.
It still astounds me, that in the “infamous” period of time, (4) four long years – that Donald J.Trump – was the 45th elected President of the United States of America, it was NEVER, raised by Political Commentators, that underneath the agenda(s) – that Trump was pursing for America, that he was “moulding & shaping” – that the Trump name – was to be – overtime – a Dynasty.
The 21st century on – the History of Hungary – dynasties, going back over centuries – we are Familiar, with the good and bad – that Dynasties, can cause or inflict – on the lives of people.
Hungary – the 21st century on, it would be a Cataclysmic Perilous Disaster – for our Future – the retainment of our Sovereignty – if Hungary allowed permitted – the creation & formation of a “New” dynasty – that the DNA evaluation – is that of a Hungarian.
History – robust in discussion – remains in “Limbo” – the good & the bad – of Dynasties – and for Hungary – our Future, mass trepidation, if we PERMIT – this “veiled” but developing probability, of a Dynasty – occuring before our very eyes.
The DNA of Istvan Tiborcz – was born with a “Silver Spoon” in his mouth – and – the Son in Law – of the present Prime Minister of Hungary – Victor Orban – the “Wealth” of his Family and his Personal Wealth, does make for Absorbing study – that the question can be – RAISED – are we seeing/witnessing – the next Hungarian Dynasty ?
Interesting – and what is seen in the near period of time – Hungary – must be prepared – to say Yes or No – to the probability of the creating and establishment process – of a 21st century Hungarian Dynasty.
History – Never Lies.