Belgium's KBC has announced that it is raising its bid on new shares in Hungary's K&H BANK from 1,600 to 2,000 forints per share, as a means of gaining the support of the Hungarian government. Hungary's privatisation agency, APV, which owns 29.6% of K&H BANK, had announced that it would not participate in this operation because the price offered by KBC was too low. See EI of 27 January.