FHB Bank (FHB Mortgage Bank Co Plc.)

 
FHB Land Credit and Mortgage Bank was established in October of 1997 by three commercial banks, the Hungarian Development Bank (MFB), and the Hungarian State. By establishing the Bank, the goal of the founders was to establish long-term financing, to create opportunities for long-term investment, and to promote the development of the real estate market. The Bank was granted a licence of operation by the Hungarian Financial and Capital Market Supervisory Agency in March 1998.
 
The main business activity of the Bank includes securitization of the long-term, residential home mortgage loans of the commercial banks by issuing mortgage bonds. The Bank also offers a wide range of housing loan products resulting from its own product developments, and also mortgages offered by partner banks. It also grants direct support for home building incentives, tax-return assistance and provides support for handicap assistance.
 
Among retail banking business activity the Bank offers the home purchase and construction related loans.
 
The Bank?s ordinary shares of Series ?A? were put on the trading list of the Budapest Stock Exchange Category ?A? Shares. The stock has been quoted at Budapest Stock Exchange since November 24, 2003. ]]>