Tag: budapest_bank

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Hungary's 2nd largest bank to be created if this merger is realised

March 20, 2019, 11:29 am
In view of the remarks made by Takarékbank Chairman-CEO József Vida, it has become more likely that Takarék Group will also make a bid for Budapest Bank, the privatisation of which needs to be negotiated... 

Budapest Bank skyrockets, privatisation on track

March 19, 2019, 12:29 pm
Budapest Bank reported a decline in its annual profit in 2018 but that was expected, and its lending growth was over the Hungarian banking sector’s average, the bank told a press conference on Tuesday.... 

Will Budapest Bank be sold to a foreign investor?

February 4, 2019, 3:19 pm
Although Erste and KBC had both expressed interest in buying Budapest Bank from the Hungarian state, it is unlikely that Prime Minister Viktor Orbán’s cabinet would pick a foreign buyer. If it did... 

Hungary to start talks on Budapest Bank sell-off

January 25, 2019, 9:02 am
Hungary’s Prime Minister Viktor Orbán has given the assignment to his minister without portfolio in charge of national assets to start talks about the sale of Budapest Bank. One condition Andrea... 

Will they merge MKB Bank, Budapest Bank and Takarékbank?

January 23, 2019, 9:22 am
The idea of merging Budapest Bank, MKB Bank and Takarékbank into a ‘super bank’ is still being nursed, mfor.hu has learned from “relevant government circles". Before that would happen... 

Flat profit, outstanding lending at Budapest Bank

September 10, 2018, 3:36 pm
Budapest Bank has posted 9.2 billion forint worth of after-tax profit in the first half of 2018, unchanged from H1 2017, the bank told state-owned newswire MTI on Monday. This is the first year when... 

Erste may be interested in buying Budapest Bank - CEO

June 6, 2018, 4:35 pm
The standpoint of Erste Bank has apparently changed regarding the potential acquisition of Budapest Bank. The Chairman-CEO of the Hungarian Erste operation has told Reuters in an interview on Wednesday... 

MKB chief sees listing of up to 30% stake on Budapest bourse

May 24, 2018, 11:05 am
MKB Bank Zrt., Hungary’s fifth-largest lender, plans to sell as much as a 30% stake on the Budapest Stock Exchange (BSE) to meet terms of a European Union-sanctioned bailout, Chief Executive Officer... 

Erste not interested in buying Hungary's Budapest Bank - CEO

February 28, 2018, 12:36 pm
Erste Group has plans for expansion, as it is highly optimistic about the future of Central and Eastern Europe, the Austrian banking group’s Chief Executive Officer told a press conference in Vienna... 

Large foreign bank eyes Hungary's Budapest Bank

February 23, 2018, 12:28 pm
Budapest Bank would definitely interest us, KBC Group’s Chief Executive Officer told analysts on Thursday. Hungary will probably put Budapest Bank up for sale this year, after the election in April.... 

Return of normal interest rates looms over Hungary - Erste chief

January 2, 2018, 12:19 pm
One-off items may boost the profitability of Hungary’s banking system once again this year, but next year the lenders should lean only in their existing portfolios and the income these can generate.... 

Budapest Bank has new Chief Executive

January 2, 2018, 11:16 am
Budapest Bank has a new Chief Executive Officer as of 1 January 2018. Koppány Lélfai is arriving from BB’s current owner, the Hungarian Development Bank (MFB). The privatisation of Budapest Bank... 

Budapest Bank may be listed - How much is it worth?

September 22, 2017, 1:08 pm
Foreign and local owners of large banks in Hungary, and businessmen with close ties to the government have all been eyeing Budapest Bank which has been in state hands for years. But something always came... 

Budapest Bank profit shrinks by nearly one third

August 21, 2017, 12:24 pm
Profits of Budapest Bank dropped by nearly its third in the first six months of 2017 compared to H1 2016. The bank posted 9.9 billion forints of after-tax profit, according to its consolidated (unaudited)... 

Pleasant past, murky future at Budapest Bank

March 22, 2017, 5:14 pm
Hungary’s state-owned Budapest Bank posted 13.1 billion forint after-tax profit in 2016, slightly below the previous year’s print. Lending grew at a dynamic rate of 11%, and Budapest Bank plans... 

The CEO already has a new job, but who will buy Budapest Bank?

January 16, 2017, 4:37 pm
The Hungarian government has two key goals when it comes to selling off Budapest Bank which has been in state ownership for 18 months: the privatisation itself and to receive at least 200 billion forints... 

What wil happen to Budapest Bank? Flash interview with outgoing CEO

January 11, 2017, 1:42 pm
There is no decision on the sell-off of Budapest Bank, there are several open options, György Zolnai, outgoing Chairman-CEO of the bank told Portfolio on Wednesday. His departure from BB has been announced... 

BREAKING NEWS (again) - Raiffeisen Hungary to replace CEO

January 11, 2017, 12:12 pm
György Zolnai, outgoing Chairman-CEO of Budapest Bank, will be appointed Chief Executive Officer of Raiffeisen Bank Zrt., the Austrian-owned bank has announced on Wednesday. The appointment is pending... 

BREAKING NEWS - Budapest Bank chief steps down

January 11, 2017, 11:10 am
Budapest Bank Chairman-CEO György Zolnai is leaving his post by mutual agreement, the bank has announced on Wednesday, adding that the search for his successor is in progress. It is unclear whether Zolnai’s... 

Hungary to make a call on Budapest Bank sell-off by year-end - paper

December 14, 2016, 9:26 am
The Hungarian government may decide the fate of Budapest Bank already this year, local business daily Világgazdaság reported on Wednesday. An agreement signed with the European Bank for Reconstruction... 
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