Business
FHB Commercial Ltd. quits as service provider on Budapest Stock Exchange
FHB Bank Ltd. will initiate the return of the licence of the activity according to Bszt. and the cancellation of the stock exchange membership effective from 29 December 2017. Following the portfolio transfer, FHB Bank Ltd. will act as the agent of Takarékbank
, FHB said in a statement on the website of the Budapest Stock Exchange (BSE) today.Note that this is not about the delisting of mortgage bank FHB, but the investment service activities of FHB Commercial Ltd.!
The delisting of FHB Mortgage Bank Co. Plc. has been taken off the agenda, as Takarékbank and savings co-operatives acting in concert with it failed to acquire a share of at least 90% in FHB by the end of July and in the following three months.
