18th December 2014
18 December 2014
Following the decisions by the Financial Stability Board, the MNB has today taken control over MKB Bank and will reorganise the credit institution, including its subsidiaries. The move has taken place within the legal framework provided by European Union Directives and its responsibilities under Hungarian law. The MNB’s goal is to ensure that the reorganised and restructured Bank contributes to restoring the lending capacity of the entire Hungarian financial intermediary system and to supporting the recovery in growth.