The transaction was closed after being cleared by the National Bank of Hungary (MNB).

Gránit Bank announced the deal in January and said the acquisition dovetailed with its long-term strategy to expand its private banking and investment services.

The bank earlier acquired a controlling stake in brokerage Equilor.

Diófa's portfolio includes over HUF 310 bln in retail property funds.

Gránit Bank has a balance sheet of more than HUF 1 trillion.