MBH Bank, Bank of China branch sign MoU on cooperation

Written by BT/MTI

MBH Bank, Hungary’s second-biggest commercial lender, and Bank of China Limited Hungary Branch have signed a memorandum of understanding on cooperation, MBH said on Thursday.

With the MoU, the sides aim to establish stable, long-term business ties that are mutually beneficial, MBH said. The MoU extends to bolstering interbank activity, especially with regard to bilateral financing constructions, offering a broader range of financial services to their client bases, and looking for areas in which synergies could result in new business opportunities.

Bank of China Limited Hungary Branch was established in 2014. The lender had total assets of over HUF 2,254bn at the end of 2023.