ADVERTISEMENT

MKB Bank sets up insurance companies

Deals

Hungary's MKB Bank and Germany's Bayern LB and Versicherungskammer Bayern (VKB) are setting up a life insurance company and a general insurance company in Hungary, MKB Bank announced yesterday.

VKB will own 50% of both companies, while MKB and Bayern LB will each hold 25% stakes. The two companies will start operating in the second half of 2007. The two companies' products will be available at all MKB branches. MKB Bank, Hungary's third-biggest bank, is 89.61% owned by Bayern LB. MKB is a leader in project financing in the corporate segment. (Econews)

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.