EBA欧洲银行-28EBA-2015-E-3842920Annex-Decision-H-SZN-I-28-2015_1页_80kb

MKB Bank Zrt. Resolution Process Summary

Core Content

The document outlines the decision made by the Central Bank of Hungary (MNB) regarding the application of the sale of business tool in the resolution process of MKB Bank Zrt. This decision, numbered H-SZN-I-28/2015, was issued on 27 October 2015 and is based on the resolution strategy established by MNB as the designated national resolution authority.

Key Information

• Bank Details:

  • Name: MKB Bank Zrt.
  • Seat: 1056 Budapest, Váci street 38.
  • Company Register: Budapest-Capital Regional Court of Appeal
  • Company Register No.: 01-10-040952

• Resolution Date: 18 December 2014

• Resolution Tool: Sale of business tool

• Legal Basis: Article 42 paragraph 2 of the Hungarian Resolution Act, which transposes paragraph 1 of Article 39 of the BRRD (Banking Recovery and Resolution Directive) into Hungarian law.

Main Points

• Objective of the Sale: To divest certain portfolio elements from MKB Bank Zrt. in order to achieve resolution goals.

• Process:

  • Data rooms were established and managed by an internationally renowned advisory firm.
  • These data rooms were used to present the portfolios for potential receivers.

• Recipient Selection:

  • The recipient was selected based on the achievement of resolution objectives.
  • The selection aimed at maximizing the transfer price.
  • A transparent method was applied, and all procedural requirements were fulfilled.
  • The best bidder was chosen as the buyer.

• Recipient Details:

  • Name: MHB-Bank Aktiengesellschaft
  • Seat: Hamburger Allee 14, Frankfurt am Main, 60486, Germany
  • Company Register No.: HRB 13305
  • The credit agreement involved a debtor from the European Union.

• Impact on Customers:

  • The decision does not affect the retail customers of MKB Bank Zrt.
  • It is a necessary step in the planned resolution actions.

Conclusion

The decision to sell a loan claim to MHB-Bank Aktiengesellschaft is part of the broader resolution strategy for MKB Bank Zrt. It emphasizes the importance of adhering to legal and procedural standards, maximizing value through transparent bidding, and ensuring that the resolution process proceeds efficiently without impacting the bank's retail customer base. The sale is a strategic move to support the bank's resolution and recovery efforts under the supervision of the MNB.