MKB Bank, formerly Magyar Külkereskedelmi Bank (lit.'Hungarian Foreign Trade Bank'), is the fourth-biggest commercial bank in Hungary. Its privatization started in 1994 when BayernLB purchased a minority stake. The Hungarian government bought it back in 2014.[1]

MKB Bank
TypePublic
IndustryFinance and Insurance
Founded1950
HeadquartersBudapest, Hungary
ProductsCommercial banking,
Websitewww.mkb.hu


MKB Bank is majority owned by PM Viktor Orbán’s fast-emerging, childhood friend Lőrinc Mészáros and construction mogul László Szíjj, has financed by loan the campaign of French presidential candidate, Marine le Pen. The recently-published asset declarations of France’s presidential candidates reveal that Le Pen received some EUR 10.7 million in total.[2]

HistoryEdit

MKB Bank is one of the oldest banks in the country as it began operating in 1950. The purpose of its establishment was to participate in the international monetary system and manage financial transactions related to foreign trade. In 1987 Hungary established a dual banking system and MKB received full operational licensure to service the general population.[3]

See alsoEdit

ReferencesEdit

  1. ^ "Hungary nationalises German-owned MKB bank". ft.com. 24 July 2014. Retrieved 24 January 2017.
  2. ^ Reuters (2022-03-10). "France's Le Pen got loan from Hungarian bank close to Orban -filing". Reuters. Retrieved 2022-05-31.
  3. ^ "Az MKB Bank története". 127.0.0.1 (in Hungarian). Retrieved 2022-05-31.