July 28, 2014 2:47 AM ET

Banks

Company Overview of MKB Bank Zrt.

Company Overview

MKB Bank Zrt. provides various banking and non-banking products and services in Hungary. The company’s Corporate Banking segment provides trade finance, credit products, accounts and deposit products, forfeiting and factoring, letters of credit, guarantees, international payments, portfolio management, project and structured finance, investment and financial advisory services to large Hungarian and regional public and private-sector entities. Its Institutional Banking segment serves financial institutions and financial service companies with nostro and vostro account services, payments, and correspondent banking activities, as well as participates in bank-to-bank finance, club, and syndicate...

Váci utca 38

Budapest,  1056

Hungary

Founded in 1950

2,745 Employees

Phone:

36 1 327 8600

Fax:

36 1 327 8700

Key Executives for MKB Bank Zrt.

Chairman and Chief Executive Officer
Chairman of Life Insurance & General Insurance Arms and Chief Executive Officer of Life Insurance & General Insurance Arms
Deputy Chief Executive and Director
Deputy Chief Executive and Director
Deputy Chief Executive and Director
Compensation as of Fiscal Year 2014.

MKB Bank Zrt. Key Developments

OTP Reportedly Mulls Acquisition Of MKB

OTP Bank Plc. (BUSE:OTP) is reportedly planning to acquire MKB Bank Zrt. from Bayerische Landesbank (BayernLB). OTP and BayernLB have engaged in intense talks in recent weeks and are likely to reach an accord, the sources said. One of the unresolved questions separating the parties from a deal is the price, one of the sources said.

MKB Bank Announces Consolidated Earnings Results for the Six Months Ended June 30, 2013

MKB Bank announced consolidated earnings results for the six months ended June 30, 2013. For the period, the company reported net losses of HUF 31.89 billion compared to net losses of HUF 13.95 billion a year ago. The bank had net interest income of HUF 30.56 billion in the first half of 2013, up from interest income of HUF 27.27 billion a year ago.

MKB Bank Zrt. Announces Earnings Results for the First Half of 2013

MKB Bank announced earnings results for the first half of 2013. For the period, the company's pre-tax loss was EUR 108 million, swelling from EUR 66 million in the base period, largely because of the ongoing difficult economic and political environment in Hungary. Net revenue from commissions and fees rose slightly because of one-off income from the payments business.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 24, 2014
--
Private Placement
January 24, 2014
--
Merger/Acquisition
January 2, 2014
Nextebank S.A.
 

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