Tag: budapest_bank

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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... 

Sale of Budapest Bank stalled, probably due to pricing differences

December 7, 2016, 5:03 pm
The Hungarian government will draw up a new strategy for state-owned Hungarian Development Bank (MFB), which owns Budapest Bank through a subsidiary, by 15 December, with options including a full or partial... 

Hungary doesn't want to swallow Budapest Bank, cannot spit it out either

November 18, 2016, 2:23 pm
Efforts by the Hungarian government to sell Budapest Bank acquired from General Electric have stalled, raising doubts about whether it will be able to meet a pledge it made in 2015 to sell majority shareholdings... 

Newest state-owned bank in Hungary shows stellar performance

September 2, 2016, 12:55 pm
Budapest Bank posted 13.9 billion forint after-tax profit in the first half of 2016, significantly beating plans. The state-owned bank increased its loan portfolio by 5% year on year and its total assets... 

Budapest Bank integrates subsidiary

September 2, 2016, 10:11 am
Budapest Auto Finance Company Ltd. will operate as a business integrated into Budapest Bank as of 1 January 2017, the bank’s management and owner, Cornivus International Investment Zrt., member of... 

Will Hungary's MKB Bank buy Budapest Bank?

July 14, 2016, 9:55 am
The appointment of Andrea Bártfai-Mager as member of the central bank’s (MNB) Monetary Council may contribute to MKB Bank taking a role in the privatization of Budapest Bank, local business news... 
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