The second largest bank of Hungary will be created in May
MNB approved the merger of MKB Bank and TakarékbankMore
Nov 16, 2022.
The General Meetings approved the creation of the new giant bank
Capital increase of HUF 23 billion at MKB
Sep 20, 2022.
Magyar Bankholding joined the UN Environment Programme Finance Initiative
Magyar Bankholding has joined the global cooperation established by the United Nations and was among the first Hungarian banks to sign the Environment Programme Finance Initiative. The aim of this international collaboration is to facilitate the shift of the financial sector towards sustainability. With this commitment, the banking group wants to take another step to establish responsible and green operations.
Sep 27, 2022.
Hungarian Bankholding: the merged MKB and Takarékbank will continue to operate under the name MBH Bank from May
In May 2023, MKB Bank Plc. and Takarékbank Ltd., which belong to Hungarian Bankholding, will merge. The new bank will continue to operate under the name MBH Bank Plc. MBH Bank will be the second largest bank in Hungary in terms of total assets, with a balance sheet total of more than HUF 10,000 billion and a stable financial institution with around 2.3 million customers, and a market leader in corporate lending and agricultural finance.
Information on voice phishing
Fraudsters pretending to be bank employees are trying to obtain credit card and internet banking details of customers from phone numbers similar to real bank customer service numbers.
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.