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New deputy CEO to join MKB Bank in February

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Márk Hetényi, the deputy chairman and CEO of the Hungarian unit of Flextronics International, will assume the post of deputy CEO in charge of the financial field and operative management of state-owned MKB Bank from mid-February, the bank said yesterday. 

MKB Bank announced Hetényi's appointment on January 15 without outlining a specific timeline, adding that chairman-CEO András Sebők and deputy CEO László Balassy would resign from their positions.

At that time, MKB said that the issue of the resignations was decided jointly with the National Bank of Hungary (MNB), which has exercised ownership rights in MKB since December 2014. The MNB said it would provide MKB, acquired by the state in September, with a safety net, bring its portfolio in order. The state is to manage the bank for a period of up to one year, under bank bailout legislation passed last summer.

On Monday MKB Bank said that András Bakonyi, the former deputy head of K&H Bank's corporate division had recently joined MKB. The move was designed to strengthen MKB's corporate division, mainly its SME segment.

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