Company Overview of MKB Bank Zrt.
MKB Bank Zrt. provides various banking and non-banking products and services in Hungary. The company’s Corporate Banking segment provides trade finance, credit products, accounts and deposit products, forfeiting and factoring, letters of credit, guarantees, international payments, portfolio management, project and structured finance, investment and financial advisory services to large Hungarian and regional public and private-sector entities. Its Institutional Banking segment serves financial institutions and financial service companies with nostro and vostro account services, payments, and correspondent banking activities, as well as participates in bank-to-bank finance, club, and syndicate...
Váci utca 38
Founded in 1950
36 1 327 8600
36 1 327 8700
Key Executives for MKB Bank Zrt.
Chairman of Life Insurance & General Insurance Arms and Chief Executive Officer of Life Insurance & General Insurance Arms
Deputy Chief Executive Officer
Legal Counsel and Member of Supervisory Board
Branch Director and Member of the Supervisory Board
Compensation as of Fiscal Year 2015.
MKB Bank Zrt. Key Developments
Hungry Government Plans To Sell MKB Bank
May 20 15
Hungarian central bank is looking to sell of MKB Bank Zrt. Ádám Balog, Deputy Governor of Hungarian central bank said the sale of MKB Bank could be initiated within 2015 as per reports by Portfolio.hu. Balog reportedly told the newspaper that the bank has been cutting costs and selling businesses, with the next phase including the sale of its defaulted project finance loan portfolio, of which between 40% and 50% could be sold at market prices.
MKB Bank to Lay Off Almost 300 Staff in the Year 2015
Apr 10 15
MKB Bank will lay off almost 300 staff in the year 2015. The layoffs are part of a reorganisation launched last December 2014. With headcount at the present level, the bank cannot boost operating efficiency. The bank noted that management positions have been cut by more than 30% since the start of the year.
MKB Bank Announces Earnings Results for the Full Year 2014; Provides Earnings Guidance for the Years 2015 and 2016
Apr 1 15
MKB Bank announced earnings results for the full year 2014. For the year, the company reported after-tax loss grew to HUF 148.1 billion on the impact of borrowers relief legislation and write-downs on bad loans. Losses grew from HUF 122.2 billion in 2013.
The company announced that it will continue to strengthen its profitable businesses this year and improve efficiency. It expects to close 2015 around the break-even mark and turn a profit in 2016.
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