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Bawag: Hungarian Exposure Shrinks
The Austrian bank gradually withdraws from Hungary. The stake in MKB Bank becomes smaller.

Bawag´s stake in MKB bank shrinks. At the moment, MKB Bank increases its capital base. Bawag will not participate. Hence, the stake held by Bawag will decrease below 2.0%. In order to retain a 4.6% stake, Bawag would have to inject € 10.6m in MKB Bank. The deadline expires at the end of October.
The Austrian bank did not confirm the report yet. However, Bawag´s CEO Byron…
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