The Hungarian government and the EBRD are set to buy a stake in the Hungarian arm of Austrian lender Erste Bank, reported business website Portfolio citing unnamed sources.

Both EBRD and the government will acquire the stake through a capital increase of 15% each.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

A spokeswoman of Erste Bank said, "This afternoon there will be a press conference by the government of Hungary together with EBRD, where an agreement regarding the banking sector there will be announced."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.