The National Bank of Hungary (MNB) approved the repurchase, according to reports. The approval was reportedly required because it took place less than five years after the bonds were issued, in December 2012.
As a result of the repurchase, FHB Groupʼs capital adequacy ratio will fall from 16.04% at end-March to 10.81%, which is still well over the 8% regulatory requirement, FHB noted.
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