Budapest Bank can float, but no move on IPO yet

Budapest Bank, the bank that the Hungarian state bought from GE Capital last year, would be ready for an initial public offering if its owner chose to float it, the bank’s CEO said on Monday.

  • By Olivier Holmey
  • 25 Jan 2016

Asked in an interview with the Hungarian daily Világgazdaság whether Budapest Bank (BB) was “ready for an IPO”, George Zolnai, the bank’s CEO, said the bank was “mature, profitable with a market-tested management”.

Asked to clarify that statement, Marianna Tóth, a spokesperson for BB, told GlobalCapital: “Budapest Bank ...

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