FHB Bank Acquires Stake in Takarek Bank

Professional ServicesBanks ♦ Published: February 7, 2014; 11:57 ♦ (Vindobona)

The largest Hungarian mortgage bank becomes a core shareholder of the Hungarian savings bank Takarek Bank. Takarekbank is an umbrella bank for the Hungarian savings bank sector.

FHB Bank Acquires Stake in Takarek Bank / Picture: © FHB Bank

In June 2013, Takarekbank was effectively partly nationalized after the Hungarian parliament approved the acquisition of a 19.3% stake by the Hungarian Post. The takeover was not confirmed by the Hungarian Competition Authority. In total, the Hungarian state holds a direct stake of 35% in Takarekbank and a further 19.3% stake via the Hungarian…