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Budapest Bank sets up second base in Békéscsaba

Budapest Bank, a unit of GE Money Bank, has outgrown its base in Budapest and is setting up a second headquarters, at a cost of Ft 1bn over the next three years, in Békéscsaba, in the underdeveloped southeast of the country, the bank announced on Tuesday.

 The second headquarters will start operations in June 2006. It will employ 130 people by the end of 2006, but will gradually make more hires, staffing as many as 530 people by the end of 2008. Budapest Bank is receiving up to Ft 105mln in subsidies over the next three years from the local council in installments in proportion to the number of workplaces created at the new headquarters.