NHB takes over Buda-Cash client portfolios

1 March 2016

NHB Növekedési Hitel Bank has won a tender to take over the client portfolios of the failed brokerage Buda-Cash Brokerház. The independent brokerage went into liquidation last year after it came under investigation for suspected criminal activity. Market sources claim that NHB Növekedési Hitel Bank was the only party to offer to take over the portfolios. The company is still waiting for approval of the National Bank of Hungary for the portfolio to be transferred to it.

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