Hungary expected to make a quick decision on three-way bank merger.

BANKING AND CREDIT NEWS-June 19, 2020--Hungary expected to make a quick decision on three-way bank merger

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Global Banking News - 19 June 2020

The government of Hungary is expected to speed up the processes involved in a three-bank merger, proposed to create the second biggest lender in Hungary.

The government is said to be planning to complete the merger before elections in spring 2022.

State-owned Budapest Bank will merge with MKB Bank and savings and loans group, Takarek (MTB). The resulting firm will have assets worth HUF5.8tn. The move is expected to help the three firms to exceed foreign firms in size...

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