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FHB commercial bank gets PSzÁF go-ahead

The State Financial Supervisory Authority (PSzÁF) on Thursday gave permission to the Land Credit and Mortgage Rt (FHB) and FHB Service Zrt to set up FHB Commercial Bank Zrt, FHB announced.

FHB will subscribe to 90% of the new bank’s shares, with FHB Service taking up the remaining amount.
FHB Commercial Bank will have equity capital of Ft 6 billion, of which registered capital will be Ft 2 billion and the remaining Ft 4 billion will go into capital reserves, the announcement said.