MKB Bank President and CEO Leaves



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According to the announcement posted on the BSE website, he is Chairman and CEO of MKB Bank. Effective December 31, 2020 (or if the election of the new Chairman of the Board of Directors elected by the MKB General Assembly does not go into effect for that date, the new Chairman of the Board of Directors will resign from the start date, but no later than 1 March 2021). Ádám Balog with the effective date of resignation your employment with the bank will also end The reason for the resignation is not yet known.

MKB Bank will hold an extraordinary general meeting on the subject on Monday, December 14, 2020, starting at 10:00 am, whose items on the agenda are:

  1. Decisions related to the CEO’s employment contract
  2. Decision to grant an exemption
  3. Election of senior executives, decision on the person of the Chairman of the Board of Directors
  4. Decision on the election (appointment) of the new CEO, the establishment and remuneration of his employment contract.

Two weeks have passed since the announcement of the ownership structure of Magyar Bankholding Zrt., That is, the superbank merged with Budapest Bank, MKB Bank and Takarékbank. A detailed merger plan will be developed next year, so the three banks will continue to operate under the current brand for now. The dominant owners of the banks today signed an investment and syndicate agreement and decided to contribute their bank stake to the joint holding company. The functions of Chairman of the Board of Directors of the company will be carried out by Zsolt Barna, and the functions of CEO will be carried out by József Vida, the specialists will jointly manage the strategic planning work. Other members of the Board of Directors: Ádám Balog, Kélány Lélfai, Attila Tajthy. (Our cover photo shows József Vida, Koppány Lélfai and Ádám Balog from left to right). It is not yet known whether Ádám Balog’s membership on the Board of Directors at Bankholding will be affected by the current move.



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