The Hungarian Development Bank (Magyar Fejlesztési Bank, or MFB) is a specialized credit institution fully owned by the Hungarian government, founded in 1991 as the Hungarian Investment and Development Company before becoming an investment bank by 1993 and adopting its current legal structure under Act XX of 2001. It provides corporate development loans on favorable terms, facilitates access to European Union financial instruments, raises funds on international capital markets, and offers retail financial products mainly for energy related purposes. Its 2023 balance sheet exceeded 3.6 trillion forint in total assets, making it one of the ten largest banks in Hungary.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account ScopeSourced to the subject's own account Geography
Country or Jurisdiction ServedWikidata Q1161893, property P17 (country). Classification
Institution SubtypeSourced to the subject's own account In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Hungarian Development Bank (Wikipedia)
WikipediaHistory section, first paragraph (date)
The legal predecessor of HDB was the Hungarian Investment and Development Co. (Magyar Befektetési és Fejlesztési Rt.) which was formed on 27 November 1991.
History section, first paragraph (year)
The legal predecessor of HDB was the Hungarian Investment and Development Co. (Magyar Befektetési és Fejlesztési Rt.) which was formed on 27 November 1991.
Lead sentence
Hungarian Development Bank Private Limited Company or Hungarian Development Bank, in short (Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság, Magyar Fejlesztési Bank, in short) (MFB Zrt.), is a credit institution fully owned by the government of Hungary.
View the Source 2. Wikidata
Wikimedia Foundation- Country or Jurisdiction Served: Hungary
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