Business
Hungarian Development Bank (MFB) Chairman resigns
The bank said late on Tuesday that Chairman of the Board of Directors Dániel Lontai has resigned as of 31 July 2016.
On 1 August the Board appointed CEO Nagy Csaba as MFB’s new Chairman.
János Lipcsei, member of MFB’s Supervisory Board has also stepped down as of 21 July.
Csaba Nagy is an economist who has gained experience in finances over several decades. He was working in the field of stock exchange trade, bank product development, relations with international credit rating agencies for several banks, including OTP Group for 13 years. He was CEO of OTP Securities Zrt. and then Deputy CEO of OTP Mortgage Bank Zrt. In 2011-2012, as Managing Director of MFB he was assigned to product development and financing transactions for SME, agriculture and local government. In 2012-2013, he was Deputy CFO for the MVM Group. Since 1 September 2013, he is CEO of the MFB. He has a membership in several international professional associations.
On 1 August the Board appointed CEO Nagy Csaba as MFB’s new Chairman.
János Lipcsei, member of MFB’s Supervisory Board has also stepped down as of 21 July.
Csaba Nagy is an economist who has gained experience in finances over several decades. He was working in the field of stock exchange trade, bank product development, relations with international credit rating agencies for several banks, including OTP Group for 13 years. He was CEO of OTP Securities Zrt. and then Deputy CEO of OTP Mortgage Bank Zrt. In 2011-2012, as Managing Director of MFB he was assigned to product development and financing transactions for SME, agriculture and local government. In 2012-2013, he was Deputy CFO for the MVM Group. Since 1 September 2013, he is CEO of the MFB. He has a membership in several international professional associations.
