The beneficiaries of the booming Budapest stock exchange, on which values and turnover rose steeply last year and for much of this, include the shareholders of the local CSD.
Owners of the Hungarian Keler, the Hungarian CSD, has decided to pay its shareholders – National Bank of Hungary (53.33%), Budapest Stock Exchange (26.67%), and Budapest Commodity Exchange (20.00%) – a dividend of HUF 2 billion, or about Euros 8 million.
“Last year was the second best business year in Keler’s history,” notes Lilla Juranyi, deputy executive director, custody, at ING Bank Hungary in Budapest.