Tag: mfb

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Mol, MFB, Eximbank launch new capital funds Hungary

July 25, 2018, 8:19 am
Hungarian private equity firm Lead Ventures is looking to invest 100 million euros in the next five years to support the growth of game-changing companies both in Hungary and across Europe. The private... 

Hungary's state-owned development bank to have eurobond issuance

February 20, 2018, 5:14 pm
Hungary’s state-owned development bank MFB has announced a EUR 500 million euro-denominated public bond issuance on Tuesday. It has already signed agreements with seven local credit institutions... 

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... 

Budget of new Chinese plant in Hungary shrinks along with state subsidy

December 4, 2017, 3:53 pm
The state-owned Hungarian Development Bank (MFB) is providing a 32 billion loan to a new citric acid plant in Szolnok, instead of the originally promised HUF 42 billion. The cut likely stems from the reduction... 

Fitch revises four Hungarian banks' outlooks to positive

November 21, 2017, 9:36 am
Fitch Ratings has revised the Outlooks on four Hungarian banks to Positive from Stable, which follows the revision of the Outlook on Hungary’s sovereign rating on 10 November. Fitch has revised... 

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... 

Hungarian Development Bank MFB confirms CEO replacement

November 8, 2016, 4:02 pm
Chairman-CEO of the Hungarian Development Bank (MFB) has been sacked on Tuesday, daily newspaper Magyar Nemzet reported on its website, citing government sources. MFB has confirmed that Csaba Nagy is leaving... 

State-owned bank launches HUF 44 bn loan programme for hotel business

October 13, 2016, 3:59 pm
The state-owned Hungarian Development Bank (MFB) is to launch a 44 billion forint (EUR 143.6 mn) interest-free loan programme for “viable catering companies and projects with sound income generating... 

Hungarian Development Bank (MFB) Chairman resigns

August 3, 2016, 8:00 am
Chief Executive Officer Csaba Nagy has been appointed Chairman of the Hungarian Development Bank (MFB), as Dániel Lontai has resigned as of 31 July. The bank said late on Tuesday that Chairman of the... 

Do Hungarian businesses want to invest or not then?

February 8, 2016, 2:49 pm
The results of the latest quarterly business climate survey conducted by Institute for Economic and Enterprise Research operated by the Hungarian Chamber of Commerce and Industry (IEER or GVI in Hungarian)... 

State of Hungary buys century-old Andrássy Ave. treasure in Budapest

October 28, 2015, 4:39 pm
With the recent acquisition of the turn-of-the-century Párizsi Nagyáruház ("Paris Grand Department Store") building on Andrássy Avenue, the Hungarian Development Bank (MFB) has become Hungary's second... 

Hungary pays for Budapest Bank from taxpayers' money

August 18, 2015, 3:02 pm
According to our previous knowledge, Corvinus International Investment Zrt., the one taking over Budapest Bank, is to pay the purchase price from a loan by state-owned Hungarian Development Bank (MFB)... 

Hungary pays GE Capital almost 200 billion forints for Budapest Bank

June 29, 2015, 4:09 pm
Corvius International Investment Plc., member of the MFB Group, has paid USD 700 million for a 100% stake in Budapest Bank Zrt. to General Electric Capital Group, which transfers ownership rights of Budapest... 

Hungary seen eyeing local Sberbank arm, c.bank chief Matolcsy against plan

April 9, 2015, 12:32 pm
Is the Hungarian government ready to buy another bank? According to information obtained by local weekly Figyelő, János Lázár, Prime Minister Viktor Orbán cabinet chief, is promoting that the state should... 

Loan to crashed Quaestor by state-owned MFB was not unsecured - portal

April 2, 2015, 12:38 pm
It was a mistake to hold [public] funds at Quaestor, the Vice President of Hungary’s ruling Fidesz party said on Thursday. Lajos Kósa told commercial radio Klubrádió today that the loophole that... 

Hungary announces sale of 55% stake in Takarékbank for HUF 9 bn

March 10, 2014, 4:44 pm
State-owned Hungarian Development Bank (MFB) and postal company Magyar Posta have signed a contract to sell a 54.8% stake in Takarékbank, the umbrella group of Hungary’s savings banking sector, to... 

Hungary invites bids for majority stake in Takarékbank

January 3, 2014, 2:52 pm
Hungary is inviting bids for its majority stake in Takarékbank, the umbrella group of the savings-banking sector, in an open, international tender, according to a government decree published in the official... 

Hungary's state-owned MFB sells USD 750 m 7-year bonds

October 11, 2013, 1:22 pm
The state-owned Hungarian Development Bank (MFB) sold 750 million U.S. dollars worth of 7-year bonds on Thursday. The final spread on the bonds was 410 basis points over corresponding mid-swaps, at... 

Hungary MOL signs deal on sale of gas storage facility to state

October 8, 2013, 8:47 am
Hungarian oil and gas group MOL has announced on Tuesday the signing of an agreement on 7 October 2013 with the Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) and MFB Hungarian Development Bank... 

Hungary Eximbank plans to issue Eurobond, mandates lead managers

September 23, 2013, 5:10 pm
The Hungarian Export-Import Bank has also made steps to issue Eurobond. Eximbank said on Monday it plans the go to global capital markets with 5-year Eurobond, Bloomberg has reported today. It added that... 
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