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Profile of registrant

Hungarian Development Bank Brussels Representative Office

Identification number in the register: 66294959170-25
Registration date: 18/07/12 12:12:58

The information on this organisation was last modified on 12/11/13 13:12:50
The date of the last annual update was 19/07/13 08:34:28

Registrant : Organisation or self-employed individual

Name/company name: Hungarian Development Bank Brussels Representative Office
Acronym: MFB
Legal status: representative office
Website address:


Section: II - In-house lobbyists and trade/professional associations
and more precisely: Companies & groups

Person with legal responsibility

Surname, Name: Mr  Csaba Harsányi
Position: director

Permanent person in charge of EU relations

Surname, Name: Mr  Csaba Harsányi
Position: director

Contact details:

Contact details of organisation's head office: 31 Nádor 
Budapest 1051
Telephone number: (+0036) 14281500
Fax number: (+) 
Other contact information: Contact details of the Representative Office:

Hungarian Development Center
11 Boulevard Bischoffsheim
tel: 00 32 2 737 1405

Goals / remit

Goals / remit of the organisation: The fundamental task of the Brussels Representative Office of Hungarian Development Bank Private Limited Company 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, especially 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 its Banking 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.
The organisation's fields of interests are:
  • European

Number of persons engaged in activities falling under the scope of the Transparency Register

Number of persons: 2
Complementary information:

Persons accredited for access to European Parliament premises

First name Surname Start Date End Date
Csaba Harsányi 14/11/13 12/11/14
Krisztina Szentpétery 16/11/13 14/11/14


Main EU initiatives covered the year before by activities falling under the scope of the Transparency Register:

1. Liaising with EU partner institutions
During the Hungarian EU Presidency the Representative Office was charged with the priority task of actively contributing to the successful conclusion of the Presidency, and hosted several business meetings. Among the professional programs there were a significant role of an energy-themed workshop organized by the MFB, the Kfw Bankengruppe and the Ministry of National Development in Brussels. The Representation Office also hosted the EAPB Competition and Development Committee Working Group meeting. Moreover the Brussels Representative Office also continued its traditional activities in order to build and deepen its relationship with the EU Institutions and with the partner-, and umbrella organizations.
Thanks to the organisation of the Representative Office, the European Investment Fund hold a two-day seminar for the MFB Group in Budapest, thereby strengthening and deepening the traditionally good cooperation between the MFB and the EIF. In addition to this, the Representation Office agreed about the launch of a professional exchange programme between the Polish Development Bank (BGK) and the MFB Group.
2. Engagement in EU support programmes
In order to prepare for the enhanced involvement in the support programs, the Office provided up-to-date information to its headquarters about the new EU Multiannual Financial Framework Programme and the future of the SME Framework Programme proposed by the EC, the European Commission’s legislative proposal of the future EU Cohesion Policy and the grant conditions of the Hungarian- Slovak gas interconnector project supported by the EEPR programme.
The Representative Office played a significant role in the preparation of the participation in a new EU urban development financial programme (JESSICA) and entered to a working group of those partner institutions who already involved in the programme. In addition to this, with the Representative Office’s intervention the Progress Microfinance Facility were launched in Hungary, providing micro-finance loan for domestic use.
3. Lobbying
The Office continued to monitor and possibly influence the regulatory environment of the cohesion and development policies. Being a public bank, the development of the EU state aid rules are of particular interest to our activities.
As a result of the lobbying activities of the Office in 2011, two Hungarian experts in the field of infrastructure can be delegated to participate in the JASPERS programme for one year.
4. Representation, communication, diplomatic activities
During the Presidency, one of the major diplomatic successes was the opening of the large-scale „Art and Finance” exhibition by Mr. László Baranyay, the President and CEO of the MFB and its patronage by our supervisor, Mr Tamás Fellegi, Minister for National Development of Hungary. The exhibition was organized by the EAPB.
The Representative Office took part in several professional conferences, from which the NEFI Working Group Meetings, the Jessica Intermediary Financial Institutions Working Group Meeting and the Steering Committee Meeting were probably the most important.

Fields of interest for e-mail alerts on consultations and roadmaps;

Fields declared by the organisation:
  • Agriculture and Rural Development
  • Audiovisual and Media
  • Competition
  • Culture
  • Development
  • Economic and Financial Affairs
  • Education
  • Employment and Social Affairs
  • Energy
  • Enlargement
  • Enterprise
  • Regional Policy
  • Trans-European Networks
  • Transport


Information on (i) organisation's membership of any associations/federations/confederations or (ii) relationships to other bodies in formal or informal networks.

EAPB- European Association of Public Banks
MFB Zrt. has been a member of the Association since November 2002. The Brussels Representative Office participates in the meetings of the three Committees set up by the EAPB (Competition and Development Policy, Ecofin and Legal). The EAPB uses these biannual meetings to form its position on matters relevant to the public banking sector.

The Network of European Financial Institutions for SMEs (NEFI) has been successfully contributing to the facilitation of European and cross-border cooperation, and in particular to the improvement of the financing situation of SMEs for over ten years. With its current membership of 13 specialised financial institutions from 12 EU Member States, including Hungarian Development Bank Plc., the principal aim of the network is to assist small- to medium-sized enterprises through a wide range of financial services and expertise offered by its member institutions in having easier access to various financial resources. This includes members cooperating with other actors of the banking system of the country concerned, supplementing their services, and seeking to eliminate the deficiencies of SME financing and to disseminate best practices, in the individual countries and the EU as a whole, through co-financing, risk sharing and advice.

The organisation currently has 24 members, which can be divided into three groups: 18 member banks, which are banks of EU Member States and participate as full members in the organisation’s work (e.g. ICO, KfW, Finnvera, MFB Zrt.), associate members (Norwegian, Turkish and Croatian development banks), and international organisations and institutions participating as observers (EIB, European Commission, NIB).The principal objective of the organisation is the exchange of experience gained by its member banks in long-term financing and capital investment, and the strengthening of cooperation between its member organisations. The heads of the member banks meet once a year at the general assembly, where they can directly discuss topics of interest to members of the Club, such as HR management, Treasury, or venture capital. Members of the Club also have the opportunity to engage in a direct exchange of experience by delegating experts to each other’s financial institutions.

The Hungarian Development Bank has been the Hungarian institutional shareholder of the European Investment Fund since 2003. The head of the Representative Office participates as the Bank’s delegate in the formal and informal general assemblies of the Fund. The goal of MFB is to establish institutional relations that are similar to and based on the task sharing between the EIB and the EIF with the individual members of the banking group in Hungary.

Financial data

Financial year: 01/2013 - 11/2013
Estimated costs to the organisation directly related to representing interests to EU institutions in that year: 150000  € - 200000  €
Amount and source of funding received from the EU institutions in financial year n-1 of registration
Procurement: 0 €
Grants: 0 €
Other (financial) information provided by the organisation:

Code of conduct

By its registration the organisation has signed the Transparency Register Code of Conduct.