Translated version of this PSD: Hungarian
EBRD is considering an equity investment in Erste Bank Hungary alongside the State of Hungary.
Erste Group Bank will remain the controlling shareholder.
The Project will contribute to strengthening of the capitalisation of the bank and its strategy of increased engagement in supporting the real economy in Hungary.
Transition impact stems from the following:
- Demonstration of successful restructuring
- Market expansion
Erste Bank Hungary (EBH), part of Erste Group, is the sixth largest bank Hungary and the second largest retail lender, operating via the third largest branch network in the country (128 branches). While predominantly a retail bank, EBH operates a universal banking model and offers a complete range of banking and other financial services to its customers, such as savings accounts, asset management, consumer credit and mortgage lending, project finance, foreign trade financing, corporate finance, capital market and money market services, FX trading, leasing and factoring. EBH is 100% owned by Erste Group Bank AG.
Environmental and Social Summary
Categorised FI. EBH is required to comply with EBRD's Performance Requirements 2, 4 and 9 and submit annual reports to the EBRD on environmental and social matters and on the implementation of the Performance Requirements.
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Tel: +44 20 7338 7168
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