FHB Jelzálogbank Nyrt (FHB) chairman Zoltan Speder ended the 2009 year on a high note, buying 2.5 million ‘A’ series shares of the bank’s stock through a standard OTC transaction. After paying € 3.9 per share for a total transaction amount of € 9.75 million, Speder has increased his stake in the bank to 16.75 [...]
Tag Archives: FHB Jelzálogbank Nyrt
VCP Capital to Double its Share of FHB
In a move recently approved by Hungarian regulatory officials, VCP Capital is on course to double its ownership stake in FHB Jelzálogbank Nyrt (FHB). VCP acquired nearly 20% of the Hungarian bank back in June of this year through a purchase from HSBC Bank plc; a deal that was originally struck in 2007. The government approval allows [...]
VCP Acquires Larger FHB Stake From HSBC
Vienna Capital Partners (VCP) has announced the acquisition of 3,175,000 ordinary shares of FHB Jelzálogbank Nyrt.(FHB), increasing its stake in the Hungarian bank to nearly 20%. The shares were purchased from HSBC Bank plc (HSBC) as part of an agreement reached in late 2007. VCP has been monitoring the performance of FHB over the last two [...]
VCP’s FHB Bank to Receive Capital Investment From Hugarian State
Hungarian lender FHB Mortgage Bank is set to receive a substantial amount of new capital from the state. Drawing from the International Monetary Fund’s HUF 600 billion bank-rescue package, the Hungarian government will invest HUF 30 billion in FHB, increasing its current stake in the company from 4.11% to 43.57%. In conjunction with the new [...]
Vienna Capital Partners acquires 10.33% in FHB
VCP, through its local unit VCP Finanz Kft., acquired 10.33% of FHB Jelzálogbank Nyrt. FHB Jelzálogbank Nyrt (www.fhb.hu) FHB is a financial institution with retail and a wholesale business line. FHB grants loans directly to private individual sand house builders. FHB has 13 own branches, more than 4,000 individual agents (insurance companies, independent agencies, Bausparkasse [...]
