MBH Mortgage Bank Co.plc.
Hungary EEA Member
MBH Mortgage Bank Co. Plc. (formerly kown as Takarék Mortgage Bank Co. Plc. and FHB Land Credit and Mortgage Bank) started its operation in 1998, as the first specialized mortgage credit institution in the Hungarian banking market. MBH Mortgage Bank is a member of MBH Banking Group, as an integrated credit institution,. MBH Banking Group is the second largest domestic banking group in Hungary. From 2018, MBH Mortgage Bank operates exclusively as mortgage bond issuer and refinancing centre for MBH Banking Group and third-party partner banks outside the group.
MBH Mortgage Bank is committed to monitor its environmental, social risks and adopt these principals and functions into its long-term governance and business strategy. Based on green financial requirements that influence the Bank’s business strategy, MBH Mortgage Bank established its own, specialized green strategy in the longer run. MBH Mortgage Bank’s green strategy intends to primarily focus on green financing providing green mortgage refinancing for partner banks, raising funds from green mortgage covered bond issuance and complying with domestic financial authority and stock exchange (BSE) guidelines and standards. MBH Mortgage Bank published its ESG strategy and Sustainability report (GRI-based) 2021 in September 2021.
MBH Mortgage Bank’s intention to issue green covered bonds and engage in green refinancing underlines MBH Group’s– commitment to become a major participant on the domestic financial landscape in sustainable mortgage financing.
(in million EUR)1
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