Gránit Bank to Acquire Controlling Stake in Diófa
Gránit Bank on Friday said it will acquire a majority stake in fund manager Diófa, which has a portfolio of close to HUF 460 billion, according to a report by state news wire MTI.
The acquisition fits well with Gránit Bank's long-term strategy to expand its private banking and investment services, the lender said, noting that it recently acquired a controlling stake in brokerage Equilor.
With Gránit Bank's backing, Diófa "could grow dynamically", while expanding its digital services, it added.
Diófa's portfolio includes almost HUF 300 bln in real estate funds. It manages Hungary's third-biggest retail property fund: Magyar Posta Takarék Property Investment Fund.
Gránit Bank has a balance sheet of over HUF 1 trillion.
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.