MKB eyes 10-15% rise in corporate outlays

Deals

MKB Bank, which the Hungarian state recently sold to a consortium of funds, is planning to lift its corporate outlays by 10-15% this year, CEO Ádám Balog told Hungarian daily Magyar Hírlap in an interview Saturday.

The bank is planning to focus more on SMEs, as well as strengthening its digital presence in the retail segment, the CEO said. He confirmed press reports that the lender is planning to list its shares on the Budapest Stock Exchange (BSE). 

After the state bought the bank from BayernLB in 2014, the lender went through restructuring, and was recently sold to a consortium of two private equity funds called Blue Robin Investments S.C.A. and METIS Private Capital Fund, as well as Hungaryʼs Pannónia Pension Fund, for HUF 37 bln.

http://bbj.hu/economy/mnb-announces-sale-of-mkb-bank-to-consortium-of-3-funds_118558

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