Deals
MKB Bank CEO Sees Sale of Up to 30% Stake on Budapest Bourse
- MKB eyes gradual growth following state rescue, CEO Balog says
- MKB would be interested in Budapest Bank if government sold it
Photographer: Michal Fludra/Getty Images
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MKB Bank Zrt., Hungary’s fifth-largest lender, plans to sell as much as a 30 percent stake on the Budapest bourse to meet terms of a European Union-sanctioned bailout, Chief Executive Officer Adam Balog said.
The lender may list about 20 percent to 30 percent of shares on the stock exchange next year, Balog said in an interview Wednesday in his Budapest office. The exact size and timing of the sale will be determined by the bank’s owners, he said.