Shares in the bank could be listed on the stock exchange or the government may opt for a direct sale of the majority of the bank.

The cabinet will discuss a strategy for MKB at its meeting today, he said.

The purchase contract will be signed by July 31, when MKB will be overseen by the state asset manager MNV.

With the nationalisation of MKB, about half of the banking sector in Hungary, in terms of both total assets and net capital, will be owned by Hungarians, Varga pointed out.

Source: Hungary Around the Clock

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