MKB submits bid to buy Panonska Banka

Competition

Magyar Külkereskedelmi Bank Rt, a unit of Germany's Bayerische Landesbank, submitted a bid to buy Panonska Banka a.d. from the Serbian government, business daily Napi Gazdaság reported, citing Chairman Tamás Erdei. The Budapest-based bank, also known as MKB, will also probably buy Union Bank in Bulgaria, owned by private investors and the European Bank for Reconstruction and Development, the newspaper said. MKB is short-listed for Union Bank, which has a market share of 1.5% and 32 branches in Bulgaria, the newspaper said. Hungarian lender OTP Bank Rt, eastern Europe's largest lender
by market value, has also offered to buy a 87.4 % stake in Panonska banka.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.