MFB Hungarian Development Bank

Hungarian Development Bank, Hungary

Hungarian Development Bank

general information

MFB Hungarian Development Bank Private Limited Company (MFB) is a specialised financial institution, established in 1991 and currently governed by the MFB Act of 2001, with the mandate to provide funds for Hungary’s medium and long-term development. MFB is 100%-owned by the Hungarian State, whose rights are exercised by the Minister of National Development. The bank’s lending and investment operations are shaped by its development role and its role in funding the government’s development strategy and investment priorities. While mandated to support public policy strategic goals, MFB applies private sector lending and risk management practices, striking a balance between profitability and its development mandate.

MFB, as the fund of funds implementing body, plays a key role in the distribution of EU funds in the 2014-2020 programming period.

MFB is also an important market player in providing long-term financing to certain Hungarian borrowers, whether through its direct lending activities or its refinancing of commercial bank loans. Furthermore, MFB participates in channelling EU funds into the Hungarian economy.

MFB’s main strategic objective is the contribution to the development of the Hungarian economy.

activities

MFB performs its objectives set out in a legislative framework and its banking strategy in the following activities:

     

    • EU fund transmission via financial instruments: (combined) loan programmes, venture capital programmes
    • Lending: direct and on-lending (as well via Group members)
    • Equity financing (via Group members)
    • Guarantees (via Group member)
    • Mobile payment (via Group member)
    • Debt collection (via Group member)

       

     

strategy

     

    • Expansion - strengthening the development banking role
    • Strong relations with international institutions
    • Examining the possibility of joining centrally managed EU programmes
    • Deepening international relations, involving additional financing resources, generating projects

       

     

contact

Mrs. Ildikó Zátrok – Head of Department | Hungarian Development Bank Private Limited Company

Nádor u. 31
1051 Budapest, Hungary
Tel: +36 1 428 1760
Fax: +36 1 428 1559
Web:
MFB

Mr. Csaba Harsányi – Director | MFB Brussels Representative Office

Boulevard Bischoffsheim 11
1000 Brussels, Belgium
Tel: +32 2 737 14 05
Fax: +32 2 735 65 99
Web:
MFB