Magyar Hírlap also cited government sources saying that the local assets of Erste Bank will also come under state control. The move is in line with central efforts after central bank governor György Matolcsy announced that some eight major foreign banks will exit Hungary in the near future, a sentiment largely echoed by Economy Minister Mihály Varga.
The state acquired its stake in Széchenyi Bank in 2013. Until then, the company had a single owner that can be linked to the current head of the state debt management office ÁKK, István Töröcskei.
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