MBH to Set up Own Investment Bank

Banking

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.

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1 Figures

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Job Fair and Career Prep at Corvinus Starts Tomorrow HR

Job Fair and Career Prep at Corvinus Starts Tomorrow

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.