Foreign banks which have units in Hungary include Austria's Raiffeisen and Erste, Italian lender Intesa Sanpaolo and Unicredit, Belgium's KBC , German bank Bayern LB, Citi and the banking arm of General Electric.
The company is to be run by 30-year industry veteran Inga Beale from January. Currently the chief executive of Canopius, a Lloyd's managing agent thought to be the subject of a takeover bid, Beale will replace Richard Ward who surprised the industry
The management of Italy's Monte dei Paschi, which is trying to avoid state ownership, had hoped to carry out the cash call already in January.
The deal, which needs approval from Russia’s Federal Antimonopoly Service, would make Aton the 100% owner of DUCM
The next chairman of Lloyds Banking Group, Lord Blackwell, is expected to launch a further review of the business with the specific intent of ensuring a speedy sale of the taxpayers’ remaining 33% stake in the bank.
Five RBI subsidiaries, Priorbank in Belarus and the Raiffeisen Banks in Croatia, Kosovo, Romania and Serbia had also reason to be happy last night, having received the local title as "Bank of the Year" in their respective countries.