Gránit Bank Renames Fund Manager

Banking

Gránit Bank has renamed fund manager Diófa, which it acquired in November, Gránit Fund Manager, the lender said on Friday, according to a report by state news wire MTI.

Gránit Fund Manager has over HUF 900 billion of assets in its portfolio, including more than HUF 380 bln in real estate funds. It manages the third-largest retail property fund in the country: Magyar Posta Savings Property Investment Fund.

Parallel with the name change, Gránit Bank is also launching an international brand, Grandum, for the fund manager's real estate activities.

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