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 u. 38
Founded in 1950
36 1 327 8600
36 1 327 8700
Key Executives for MKB Bank Zrt.
Chief Executive Officer and Member of the Board of Directors
Chairman of Life Insurance & General Insurance Arms and Chief Executive Officer of Life Insurance & General Insurance Arms
Deputy Chief Executive Officer and Member of the Board of Directors
Deputy Chief Executive and Member of the Board of Directors
Legal Counsel and Member of Supervisory Board
Compensation as of Fiscal Year 2016.
MKB Bank Zrt. Key Developments
Speculation Of A Merger Of MKB And Budapest Bank Back On
Jul 14 16
Speculation is rising that MKB Bank Zrt. could take a role in the privatization of Budapest Hitel és Fejlesztési Bank Zrt., local press reported on July 14. Speculation about a merger of MKB and Budapest Bank is now rekindling, just two months or so after the government sold MKB and appointed a new commissioner of national financial services. The government itself was the first to suggest the two banks could be merged, after the pair came into state hands. Unnamed sources told Vilaggazdasag that the two banks would clearly complement each other. "Such a transaction would be a logical move," that would "bring about cost synergies," they add. Magyar Nemzeti Bank reportedly supports a merger. It is questionable, however, whether the new owners of MKB would be willing to pay $700 million for the full 100% stake in Budapest Bank. Economy Minister Mihaly Varga has insisted the state wants "at least" its money back for the lender.
EBRD May Still Buy Stake in MKB Bank
Apr 8 16
The European Bank for Reconstruction and Development (EBRD) may still acquire a stake in MKB Bank Zrt., after the sale of the bank is closed, the deputy governor of the National Bank of Hungary said on April 8, 2016. "EBRD was in the dataroom, it is interested in MKB Bank," Marton Nagy told reporters. "I think it is still involved, I think there are talks ongoing between the winners and EBRD.". The central bank has agreed to sell MKB for 37 billion forints to a consortium of three investors, Hungarian private equity fund Metis, Luxembourg-based fund Blue Robin Investments SCA and Hungarian pension fund Pannonia last week.
MKB Bank Zrt. Announces Earnings Results for the Full Year of 2015
Apr 6 16
MKB Bank Zrt. announced earnings results for the full year of 2015. The company posted after-tax losses of HUF 76.402 billion last year. The losses halved from HUF 148.1 billion in 2014 and the loss was just HUF 1.243 billion last year if one-off items related to the reorganisation of the bank were excluded.
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