MBH Bank Closes Acquisition of Duna Takarék Bank

Banking

MBH Bank closed the acquisition of Duna Takarék Bank on Friday, Hungary's second-biggest commercial lender said, according to a report by state news wire MTI.

MBH said it was in talks to acquire control of Duna Takarék Bank in May and signed a contract on the acquisition of a 98.46% stake in the lender in July.

The National Bank of Hungary (MNB) cleared the transaction on September 15.

Duna Takarék Bank had total assets of HUF 128.3 billion at the end of 2022, public records show.

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