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ÁPV expects Ft 100bn from upcoming sale of 3 state-owned banks

The State Privatization and Holding Rt (ÁPV) expects Ft 100 billion from the upcoming sale of three state-owned banks: Postabank Rt, Konzumbank Rt and the Land Credit and Mortgage Bank Rt, ÁPV Chairman Tamás Mészáros said at a press conference on Friday.

The transactions are to be completed by December, allowing ÁPV to reach its yearly income target of Ft 196 billion.

The ÁPV board on Thursday decided to invite bids for Postabank, with details to be published on Tuesday.

(BBJ 19.v.03)

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