Ádám Matolcsy and his circle of friends, playing in the league of hundred-billionaires, gained a nice extra profit thanks to the loss-making MNB

MNB; public funds; Ádám Matolcsy;

2023-06-05 23:22:00

By the way, the institution is run by his father.

The regular partners of the Magyar Nemzeti Bank (MNB) posted a nice sum, despite the fact that the central bank recorded a loss of 400 billion, it was said. RTL in his newsroom.

The communication tasks are performed by István Száraz: his company’s 3.3 billion revenue was received almost entirely from the MNB, of which HUF 718 million was the net profit. György Matolcsy’s son’s furniture company, which furnished the Postapalota renovated by the central bank, also did very well. Here, the profit was double that of the previous year, HUF 300 billion, which Ádám Matolcsy took out of the company as a dividend.

Bálint Somlai, whose company is renovating the MNB headquarters, also did well. Last year, Raw Development Kft.’s sales revenue was half of the year before, and its profit was one fifth, but the holding company that owns the company, Somlai Invest, significantly increased its profit last year, from HUF 8.6 billion to HUF 13.6 billion. However, no dividends were taken from the company.

The anti-corruption NGO K-Monitor drew attention to the fact that last year the central bank financed these expenses at a loss of around HUF 400 billion. “Now that the central bank has become unprofitable, profits continue to flow to these business circles, and the big question is whether the government will compensate the central bank from the budget in 2024,” explained Miklós Merényi, an employee of the organization.

The channel also contacted the MNB, which wanted to know whether austerity measures had to be introduced due to the large loss, and whether the renovation of the headquarters would become more expensive. No response received.

Source: Népszava by nepszava.hu.

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