(Corrects ownership of Takarekbank in first paragraph.)
Hungary is planning to set up a state-owned commercial bank and is contemplating buying a stake in commercial lenders Granit Bank Zrt., owned by real-estate developer Sandor Demjan, and Takarekbank Zrt., news website Origo said, citing several unidentified people.
The government is seeking to boost state ownership in the banking industry, carve out a market share as foreign-owned lenders retract, and boost lending, which froze during the economic crisis, Origo said.
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