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PROSPECTUS MKB Bank Nyrt

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PROSPECTUS MKB Bank Nyrt This Prospectus is information prepared for the listing of previously privately issued shares on the regulated market. The Prospectus was prepared based on the Capital Market Act (Hungarian acronym: Tpt.) and the Prospectus Regulation. The publishing of this Prospectus and the announcement about it was approved by NBH with its resolution No. H-KE-III_353/2019 dated 27 May 2019. PROSPECTUS for the listing of 100,000,000 dematerialised registered ordinary shares, each series “A”, HUF 1,000 face value, ISIN code HU0000139761, listed on BSE “Standard” category by MKB Bank Nyrt.,1 30 May 2019 In connection with present Prospectus apart from the Issuer no other person made a Declaration of Liability pursuant to Article 29 (2) of the Capital Market Act. Accordingly, liability for all information included in the Prospectus and for the lack of any piece of information shall be borne exclusively by the Issuer. HBK Partners Attorneys at Law (registered office: 1085 Budapest, Kálvin tér 12) acted as legal advisor in the course of compiling this present Prospectus. 1 On the day of issuing this present Prospectus the Issuer still operates under the name of MKB Bank Zrt., as a private limited company. Change in the operating form shall be performed with the listing of the Shares on the Stock Exchange. Important Notice: Hungarian language is the official and registered language of MKB Bank Nyrt.’s („the Issuer”) disclosures pursuant to the relevant legal and stock-exchange rules. The present English translation has been prepared on a voluntary basis, with the best care and intention of the Issuer to inform English speaking investors, however, in the event of any controversy between the Hungarian and English version, the authentic Hungarian version shall prevail. MKB Bank Nyrt. – Prospectus TABLE OF CONTENTS I SUMMARY ............................................................................................................... 1 II UNIFORM RISK FACTORS ........................................................................................ 12 1 RISK FACTORS TYPICAL OF THE ISSUER’S OPERATION ............................................................................... 12 2 RISK FACTORS RELATED TO THE SHARES ............................................................................................... 21 III LIABILITY UNDERTAKING DECLARATION ................................................................. 24 1 LIABLE PERSONS .............................................................................................................................. 24 2 DECLARATION OF LIABILITY ................................................................................................................ 24 IV REGISTRATION DOCUMENT .................................................................................... 25 1 LIABLE PERSONS .............................................................................................................................. 25 2 REGISTERED AUDITOR ....................................................................................................................... 25 3 KEY FINANCIAL INFORMATION ............................................................................................................ 25 4 RISK FACTORS .................................................................................................................................. 29 5 PRESENTATION OF THE ISSUER ........................................................................................................... 29 6 REVIEW OF THE BUSINESS ACTIVITY ..................................................................................................... 31 7 ORGANISATIONAL STRUCTURE............................................................................................................ 37 8 MATERIAL ASSETS ............................................................................................................................ 41 9 REVIEW OF THE BUSINESS ACTIVITY AND THE FINANCIAL STANDING ........................................................... 42 10 CAPITAL RESOURCES ......................................................................................................................... 46 11 RESEARCH-DEVELOPMENT, PATENTS AND LICENSES ............................................................................... 47 12 TRENDS .......................................................................................................................................... 50 13 PROFIT FORECAST OR ESTIMATE ......................................................................................................... 51 14 MANAGEMENT, CONTROL AND SUPERVISORY BODIES, AND MANAGING EMPLOYEES .................................... 51 15 REMUNERATIONS AND BENEFITS ........................................................................................................ 69 16 PRACTICE REGARDING BOARD MEMBERSHIP ......................................................................................... 69 17 EMPLOYEES .................................................................................................................................... 70 18 MAIN SHAREHOLDERS ...................................................................................................................... 71 19 TRANSACTIONS WITH ASSOCIATED COMPANIES ..................................................................................... 74 20 FINANCIAL INFORMATION CONCERNING THE ASSETS, LIABILITIES FUNDS, FINANCIAL STANDING AND PERFORMANCE OF THE ISSUER ........................................................................................................... 76 21 SUPPLEMENTARY INFORMATION ......................................................................................................... 78 22 KEY CONTRACTS............................................................................................................................... 83 23 INFORMATION ORIGINATING FROM A THIRD PARTY ................................................................................ 83 24 AVAILABLE DOCUMENTS ................................................................................................................... 83 25 PRESENTATION OF THE PARTICIPATIONS ............................................................................................... 83 V SECURITIES NOTES ................................................................................................. 84 1 LIABLE PERSONS .............................................................................................................................. 84 2 RISK FACTORS .................................................................................................................................. 84 MKB Bank Nyrt. – Prospectus 3 KEY INFORMATION ........................................................................................................................... 84 4 INFORMATION REGARDING THE SECURITIES TO BE LAUNCHED .................................................................. 85 5 RULES OF LISTING ON THE STOCK EXCHANGE AND TRADING ..................................................................... 96 6 SUPPLEMENTARY INFORMATION ......................................................................................................... 96 VI TERMINOLOGY ....................................................................................................... 98 VII LIST OF CROSS REFERENCES ................................................................................... 107 1 MINIMUM PUBLISHING REQUIREMENTS OF THE REGISTRATION DOCUMENT OF THE SHARES ...................... 107 2 MODULE OF PRELIMINARY FINANCIAL INFORMATION .......................................................................... 118 3 MINIMUM PUBLISHING REQUIREMENTS OF THE SHARE SECURITIES NOTES (PATTERN) ................................ 119 VIII ANNEXES .............................................................................................................. 126 ANNEX NO. 1: SUBSIDIARIES OF THE ISSUER (EXCEEDING 50% SHARE) IN 2016 - 2018 YEARS ............................. 126 ANNEX NO. 2: PARTICIPATIONS OF THE ISSUER ON 28 MARCH 2019 ............................................................... 128 ANNEX NO. 3: TABLES .............................................................................................................................. 131 MKB Bank Nyrt. – Prospectus Summary I SUMMARY The table incorporated in this present Summary was prepared pursuant to Annex No. XXII of the Prospectus Regulation (publishing requirements regarding the summary), for which reason the column on the left includes the number of elements and the column on the right the publishing requirements with “not applicable” comment in the place of not applicable data. The Summary consists of tables A-E detailed in the following: Pursuant to this present Prospectus issue, sale-purchase or offering of either already existing or new shares shall not be performed. This present Prospectus was prepared and published due to the listing of the Shares on BSE. Review of the Summary cannot substitute the detailed and thorough studying of the Prospectus. A. section - Introduction and warnings The Issuer calls the attention of the investors that: - This present Summary is to be considered introduction to the Prospectus. - Decision about investing in the securities must be based on taking the entire content of this present Prospectus into account by the investor. - If an application is
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