MNB reshuffles stake in newly acquired Hanwha Bank Magyarország

Deals

The National Bank of Hungary (MNB) has given go-ahead to Hungary-based evopro Finance to acquire an 80.26% stake in Hanwha Bank Magyarország, a resolution of the central bank’s Financial Stability Council, published on the MNB website, shows.

The move came soon after evopro Holding, also registered in Hungary, acquired a 98.33% stake in Hanwha Bank Magyarország in September. According to the bank’s website, the remaining 1.67% of the shares is held by Fransa Holding S.A.L, based in Lebanon.

Hanwha Bank Hungary currently has registered capital of HUF 17 billion. Korea’s Hanwha group acquired its Hungarian unit through buying the shares of Bank Indosuez Magyarország in 1996.

Evopro Holding is Hungarian-owned and its main profile is industrial solutions and services.


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