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Ádám Balog will leave MKB Bank on December 31. The new executive director may be elected at the general meeting on December 14.
On Friday, after the stock market closed, MKB Bank Plc. He announced that Ádám Balog, president and CEO, will leave the management of the credit institution on December 31.
According to the announcement, Balog resigned and effective as of December 31, 2020, or if the new Chairman of the Board elected by the Bank’s General Meeting cannot take effect before the end of the year, it will leave the Bank’s Board of Directors at more take March 1. As of the effective date of the resignation, Ádám Balog’s employment with the bank will also end.
MKB convened its general meeting on December 14, at which Balog’s successor will also be elected. The entry into force of the new president and CEO will, of course, also require the approval of the Magyar Nemzeti Bank (MNB), which may require the postponement of Balog’s departure.
The replacement of the bank’s head is a surprising turn, as Balog was the one who put the MKB in order, which was struggling with a severe loss and in need of resolution, and under his leadership the bank also managed to meet the expectations of the European Union. . This year, the banker said he could finally put the lender on a growth trajectory.
No news has been received about the new leader yet, but the exchange may have something to do with the fact that a month ago the owners of MKB (whose main owner is Lőrinc Mészáros), Takarékbank and Budapest Bank signed a letter of intent to establish Magyar Bankholding. it would be the merger of the three banks. Zsolt Barna, a former OTP company, was entrusted with the management of bank holdings.
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