MikroCredit Zrt. It hasn’t had a lucrative year.

MikroCredit Zrt. It achieved a negative result of HUF 1.2 billion in 2019, after a deficit of 1 billion in 2018, the first full year of its operation, the private banker wrote.

The company, which provides small loans of between HUF 25,000 and 600,000, is owned by a Georgian company, Hungarian Georgian Investments Co LLC. Founded by. Its main owner is Michaeli Shabtai in the Hungarian settlement bond business since March this year, who has been previously referred to by various newspapers as a friend of Árpád Habony. One of the board members is Varlami Rekhviashvili, and his brother, Irakli Rekhviashvili, is on the supervisory board.

The latter was for a time the Minister of Economy of Georgia. He also appeared in the recordings made by Index in June 2016 in front of the office of Balázs Kertész, a lawyer belonging to Antal Rogán’s circles: they spoke with Michi Shabtai and former Georgian Prime Minister Nika Gilauri about a power plant project in Hungary with a loan from the Hungarian state Eximbank.

The company has had losses since its founding and, at the end of 2019, Magyar Nemzeti Bank was forced to replenish its capital; later we were informed that this had happened. The owners have repeatedly injected loans and equity into the business to keep it running smoothly.



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Georgians filmed in front of Balázs Kertész's office give advice to Matolcsy



hvg.hu
At home

Nika Gilauri, a former Georgian politician previously employed by Index, is advising the Magyar Nemzeti Bank (MNB) while speaking about a two-proxy Georgian businessman on a joint power plant project with Eximbank on Aulich Street.

The fast loan company of Rogán's friends got into serious trouble



hvg.hu
Economy

MicroCredit Zrt. They must comply with the legislation on the amount of share capital before March 31, otherwise they can even revoke their operating license. The company said the matter had already been resolved.