FHB Land Credit and Mortgage Bank Company, a specialised credit institution, was established in October of 1997 with a share capital of HUF 3 milliard by four banks (Magyar Befektetsi s Fejlesztsi Bank Rt., Mezobank Rt., Postabank s Takarkpnztr Rt., Pnzintzeti Kzpont Bank Rt.) and the Ministry of Finance. By establishing the Bank, the goal of the founders was to establish long-term financing, to create opportunities for long-term investment, and to promote the development of the real estate market. The Bank was granted a license of operation by the Hungarian Financial and Capital Market Supervisory Agency (the predecessor of HFSA) in March 1998. Email id not found