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FHB eyes 21 MFB partner points in Hungary

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FHB Commercial Bank is planning to operate 21 of the Hungarian Development Bankʼs (MFB) partner points, parent FHB Mortgage Bank said yesterday, according to reports.

FHB Commercial Bank will operate three “MFB Points” in Budapest that will support outlays of European Union-subsidized development loans, and 18 in county seats across the country, Hungarian news agency MTI reported.  

The consortium FHB is part of together with Hungarian state-owned Budapest Bank and savings cooperative integrator SZHISZ co-members Takarékbank and B3 Takarék Szövetkezet won a tender to establish a network of 442 MFB Points across the country, according to earlier reports.

MFB said that the first 26 points are set to open in Budapest and in county seats by the end of May at the latest, adding that a government resolution published on Monday clears the way for the establishment of another 100 points.

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