Speaking at the conference organized by Hungarian business daily Napi Gazdaság, Németh spoke about the possible change in the bank’s portfolio and said complex financial solutions would be crafted for capital, credit and guarantee products.
Though MFB would maintain ties with commercial banks, greater stress would be placed on cooperation with savings cooperatives and the state-owned postal company, Magyar Posta, accoding to Németh. Investment activities of the bank ought to be made more efficient as well, she said.
The plan is to involve the MFB in the distribution of credit from European Union sources with the cooperation of the National Economy Ministry and the Prime Minister’s Office, she explained.
Németh said the bank wanted to support the activities of companies such as the National Toll Payment Service Company and the National Mobile Payment Company. She added that a number of opportunities would arise to further develop the activities of these companies in the future.
She said Magyar Posta had to be re-positioned in areas such as financial services or express delivery, as revenue from its traditional activities, namely letter delivery, is falling. The company started diversifying in 2013, with the acquisition of collection company Díjbeszedő Holding, she added.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
