Sale by Hungarian central bank challenged on transparency grounds
Central bank says process ‘transparent’, but local organisation brings legal challenge
The Hungarian central bank has completed the privatisation of a commercial bank that it took over in December 2014, it announced on June 30.
The Central Bank of Hungary (MNB) says in its statement that its sale of MKB Bank to three private groups of investors was "open, transparent and non-discriminatory", but local transparency campaigners have called it highly controversial.
The sale is "highly unusual", says Miklós Ligeti of Transparency International Hungary. Very little is known about some
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