Bloomberg News

Hungary State Bank MFB in Talks on Takarekbank, Heti Valasz Says

May 03, 2012

Hungary’s state-owned development bank MFB Zrt. is in talks with DZ Bank AG of Germany about buying DZ’s stake in Hungary’s Takarekbank, Heti Valasz reported, citing MFB’s chief executive officer Laszlo Baranyay.

The talks may yield a result “in the near future,” Baranyay told the Budapest-based weekly newspaper in an interview.

MFB also held talks with Hungarian lenders Granit Bank and Szechenyi Bank, which are now negotiating directly with the state and won’t merge with MFB, Baranyay said in the interview.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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