News and announcements

10. February 2017

Proposal for an EU ‘bad bank’ put forward

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The European Banking Authority would like to create an asset management company to buy up some of the nearly EUR 1,000 billion worth non-performing loan portfolio of euro zone banks and use freed-up lending capacity to awaken the slumbering economy of the euro zone.

22 June 2016

Twenty-three financial institutions registered for MARK’s asset purchase programme

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Twenty-three financial institutions, including all banks with the largest distressed commercial property portfolio, registered to MARK’s asset purchase programme with over HUF 300 billion gross exposure, representing HUF 90-125 billion at transfer value. The registration will be followed by a few months of economic and legal due diligence.

02 May 2016

IMF welcomes the establishment of MARK Zrt.

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The International Monetary Fund (IMF) welcomes the establishment of MARK Zrt., the “bad bank”, but notes that additional measures are needed to promote lending. The IMF staff completed its usual annual consultation with Hungary in mid-February (pursuant to Article IV of IMF’s Articles of Agreement, the organisation holds bilateral annual discussions with each member state). The detailed report was published on 28 April.

Source: IMF
26 April 2016

S&P is also positive about MARK’s intentions

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Standard & Poor's latest regional sector analysis, which has been presented in London, points out that the activity of MARK Zrt. specialised in the acquisition of non-performing loans from the Hungarian banking system may enhance the lending willingness and capacity of the banks.

19 April 2016

Head of OTP Bank praises MARK

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According to the head of OTP Bank, in the case of non-performing corporate loans MARK Zrt. is a very good institution to take over distressed assets, and OTP Bank is in contact with them too. As far as retail loans are concerned, Sándor Csányi gives preference to collection by the bank itself through OTP Faktoring.

Világgazdaság, portfolio.hu