MBH Bank Closes Acquisition of Duna Takarék Bank
MBH Bank closed the acquisition of Duna Takarék Bank on Friday, Hungary's second-biggest commercial lender said, according to a report by state news wire MTI.
MBH said it was in talks to acquire control of Duna Takarék Bank in May and signed a contract on the acquisition of a 98.46% stake in the lender in July.
The National Bank of Hungary (MNB) cleared the transaction on September 15.
Duna Takarék Bank had total assets of HUF 128.3 billion at the end of 2022, public records show.
MOL and O&GD Discover New Oil Reserve Near Tura
Hungary Expects Progress From EU on Erasmus+ Matter
Airport Developments Exceed HUF 130 bln
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
