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September 01, 2015 4:24 PM ET

Banks

Company Overview of MKB Bank Zrt.

Company Overview

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

Budapest,  1056

Hungary

Founded in 1950

2,178 Employees

Phone:

36 1 327 8600

Fax:

36 1 327 8700

Key Executives for MKB Bank Zrt.

Chief Executive Officer
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

MKB To Be Sold In 2016

MKB Bank Zrt. May be sold. Vice President of MNB, Adam Balog told the press that the company may be privatized by the beginning of 2016 at the latest.

MKB Bank Zrt. Appoints Ádám Balog as CEO

Ádám Balog, the deputy governor of the Magyar Nemzeti Bank who is set to become CEO of MKB Bank Zrt. Balog, due to take over as CEO on July 22.

Hungry Government Plans To Sell MKB Bank

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 8, 2015
General insurance and life insurance units of MKB Bank Zrt.
 

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