ACTIVITIES OF THE REPRESENTATIVE OFFICE

The fundamental task of the Brussels Representative Office of Hungarian Development Bank Plc. is to support the implementation of the Bank’s strategy and to execute strategic elements with EU relevance. Since its founding in 1997, the Representative Office has been continuously expanding the Bank’s international partnership relations with the development banks of EU Member States, with organisations and associations representing the interests of these banks, and with the EU’s financial institutions, the European Investment Bank (EIB) and the European Investment Fund (EIF).
The Brussels Representative Office directly assists the Bank in involving external funding, helps it join EU financing programmes, and provides information about the European Union’s development policy concepts and plans, as well as the business activities and best practices of the EU’s development banks.
 
The main tasks of the Representative Office are the following:
 

  • to ensure that MFB Zrt. and the MFB Group are known and recognised in an international context;
  • to continuously expand the Bank’s international partnership relations with the development banks of EU Member States, organisations and associations representing the interests of these banks, and the EU’s financial institutions, the European Investment Bank (EIB) and the European Investment Fund (EIF);
  • to assist the Bank in involving external funding by joining EU financing programmes;
  • to make proposals as to the establishment of new relations and the utilisation of business opportunities;
  • to provide information about MFB Zrt’s business activities and products, and to engage in cooperation with several Hungarian interest representation groups operating in Brussels accordingly.

 
The Representative Office provides information on the following subjects:
 

  • development of the policy concerning the European Union’s development funds, in particular the Structural and Cohesion Funds;
  • events related to the EU’s financial policy and institutions;
  • changes in relevant EU legislation and the EU’s efforts at legal harmonisation in the financial sector;
  • available cooperation opportunities for the MFB Banking Group;
  • business activities and best practices of EU development and investment banks.

 
During the Hungarian EU Presidency in 2011 the Representative Office was charged with the priority task of actively contributing to the successful conclusion of the Presidency, and hosted several business meetings and was present as a sponsor at individual events.