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Magyar Bankholding Zrt. It started its actual operation after the controlling owners of Budapest Bank Zrt., MKB Bank Nyrt. And MTB Zrt., With the permission of Magyar Nemzeti Bank, contributed their bank shares to Magyar Bankholding on Tuesday.
This created the second largest banking group in Hungary, in which the Hungarian State, through Corvinus Nemzetközi Befektetési Zrt.
According to the information, the financial holding will carry out prudential control and group management functions on the three banking groups in the future after the contribution, in addition to planning and managing the merger process that optimizes the operation of the banks. A detailed merger schedule and business strategy will be developed next year.
For the time being, Budapest Bank, MKB and MTB will retain their independent legal status and will operate under a separate brand until the future merger process. Immediately after the contribution, the exploitation of the synergies resulting from the group work begins.
Zsolt Barna is the Chairman of the Board of Magyar Bankholding and József Vida is the CEO. The members of the Board of Directors are also Ádám Balog, Lélfai Koppány and Attila Tajthy.
The management’s work, with the help of international consulting firms, is supported by executives from three banks, who were selected through an internal tender in early November. András Csapó is responsible for legal and prudential control, Antal Martzy for strategic control and Ádám Egerszegi for the management of the merger office.
In addition, twelve leaders make up Magyar Bankholding’s team of start-up experts, covering mergers, strategy, operations, technology, legal, risk management, human resources, accounting, control and communications. For the time being, professionals will carry out their new duties while maintaining their previous banking positions.
In accordance with mandatory legal regulations, after the contribution, a takeover bid will be made in the case of MKB Plc. And Takarék Mortgage Bank Plc. During the month of January it was announced.
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