MBH to Set up Own Investment Bank
MBH Bank will set up its own independent investment bank in September, chairman-CEO Zsolt Barna told journalists on Thursday, according to a report by state news wire MTI.
Barna also said that MBH, the product of a recently completed three-way tie-up, could strengthen its presence through foreign acquisitions.
MBH is using just 40% of its cost-efficiency and sales potential, and tapping that potential further will be the "key" to the bank's success, he said.
MBH, now Hungary's second-biggest commercial bank, had a gross lending stock of HUF 5.011 trillion at the end of last year. The stock of client deposits reached HUF 6.575 tln.
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