MKB Bank could be privatized in a few months

Telco

Currently state-owned MKB Bank could be privatized late this year or early next year, deputy governor of the National Bank of Hungary (MNB) Ádám Balog said yesterday at a press conference, according to Hungarian news agency MTI. 

Clean-up of MKBʼs bad portfolios has finished, operations have been streamlined and achieving market operability is the current priority, said Balog, who is to take over as CEO of MKB soon. After booking a HUF 150 bln loss in 2014, MKB should be close to breaking even this year, MNB Governor György Matolcsy added.

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