The national development bank (MFB) has shed its loss-making centralised past and has become a strong financial institution solely concentrating on developing businesses and cooperating with commercial banks, according to its CEO Jбnos Erфs.
MFB was originally established by the state as an instrument to help speed up privatisation. Now it helps developing businesses in which companies and commercial banks really see high risks or no hope. MFB's role is not to compete with the commercial banks, but rather act as a catalyst in tandem with them. MFB acquires 49% of a company, helps start it up and lets the partners buy the shares or sells them to a potential investor.
