Member banks of Hungarian Bankholding achieved outstanding growth in 2020
The aggregated balance sheet of the member banks of Hungarian Bankholding increased by almost fifty percent last year.More
May 18, 2021.
Member banks of Hungarian Bankholding have allocated HUF 623 billion under the FGS Go! program
Budapest Bank, MKB Bank and Takarékbank have signed more than 21.000 credit agreements
Apr 13, 2021.
Interest-Free Fast Loans amounting HUF 16 billion have been claimed from member banks of Hungarian Bankholding
Over 1,800 companies have already signed for the Interest-Free Fast Loan with a total value of more than HUF 16 billion at the member banks of Hungarian Bankholding. The MFB Points of Budapest Bank, MKB Bank and Takarékbank continue to show increased demand for the loan, which can be requested by companies in distress to reopen their operations. With the alleviation of restrictions issued against the pandemic, demands are expected to increase further at Hungary's second largest banking group.
Mar 24, 2021.
Hungarian Bankholding: The new and unified bank will launch in 2023
The Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank and Takarékbank. The aim of the emerging large bank is to be the most modern bank in Hungary, which will introduce flexible, internationally leading digital solutions. With the integration of Budapest Bank, MKB Bank and Takarékbank, the population and businesses of Hungary will be served by a unified financial institution from 2023, which will transform the traditional image of banks.
In order to restrict the spreading of coronavirus (COVID-19), and pursuant to the Government Decree 431/2020. (IX. 18.), we would like to ask you to adhere to the provisions issued by Magyar Bankholding Group, i.e. Magyar Bankholding Zrt., Takarék Group, MKB Bank Nyrt. and Budapest Bank Group
Magyar Bankholding Zrt. started the preparation to conduct, after the three banks’ contribution of shares, Budapest Bank Group’s, MKB Bank Nyrt.’s and Takarék Group’s fusion, and to perform group management and prudential control functions.
The Takarék Group is one of the biggest banking groups of Hungary and is a key member of the Hungarian financial system. The members of the Group are MTB Bank of Hungarian Savings Cooperatives Ltd. as its integration business management organization, Takarékbank Ltd. as its universal commercial bank, and Takarék Mortgage Bank Plc., as its specialized credit institution. Its members also include other companies and subsidiaries specialised in factoring, leasing, fund management, real estate management, IT, as well as other auxiliary financial services. The prudent and proper operation of the Takarék Group is supervised by the Central Organization of Integrated Credit Institutions having special licenses in this regard. Takarékbank Ltd. is the universal commercial bank of the Takarék Group, it is also the legal successor of the savings co-operatives. It has nation-wide coverage and is one of the biggest domestic financial institution, operating the biggest branch network in the country; it serves 1.1 million clients.
The 70 years old MKB Bank Plc. is the Hungarian financial system’s classic bank. As a result of a successful reorganization between 2015 and 2019, the operation and system of this financial institution follows the criteria and expectations set by the EU. As a significant universal bank of Hungary, MKB provides long-lasting value to its customers through its predictable partnerships. The bank is set on a dynamic development path; it has a well-developed digital foundation and strategy. It also has a traditionally strong corporate and private banking clientele, as well as strong consulting and analytical skills. The core value of the financial institution is its professional customer service enhanced by well-prepared, supportive, honest, and professional work.
Budapest Bank Ltd. was established as one of the first domestic commercial banks in 1987; it is now one of the ten largest domestic banks in Hungary. In addition to retail services, the universal bank has been a committed partner of Hungarian small and medium sized enterprises for decades, and its market position is particularly strong in the segment. Together with its subsidiaries, Budapest Fund Management Ltd., Budapest Leasing Ltd. and Budapest Asset Financing Ltd., the bank employs a total of nearly 3,000 people, with its nationwide network including nearly 100 branches. In 2006, it was the first in the Hungarian banking market to open its operational center in the countryside, Békéscsaba, creating 800 workplaces in the region. Responsible thinking applies at all levels of the bank's activities and its corporate social responsibility strategy, with an emphasis on financial literacy, commitment to community values, volunteering, equal opportunities and environmental protection.