Board of Directors
Advisor to the Chairman,
Deputy CEO responsible for key issues,
communications, ESG and sustainability
|RÓZSA Zsolt János||Chairman of the Supervisory Board|
|INÁMI-BOLGÁR Rita||Member of the Supervisory Board|
|BÁNKUTI Erzsébet Beáta||Member of the Supervisory Board|
|IPACS László||Member of the Supervisory Board|
|VÁRADI Zoltán||Member of the Supervisory Board|
Budapest Bank Zrt. was founded as one of the first local commercial banks in 1987, it is one of the ten large, domestic banks. The bank offers full-scale financial services for both retail customers and enterprises. Its countrywide network includes almost 100 bank branches. Budapest Bank Zrt.’s main subsidiaries are Budapest Alapkezelő Zrt., Budapest Lízing Zrt. and Budapest Eszközfinanszírozási Zrt. Its owner has been the Hungarian state through the Corvinus Nemzetközi Befektetési Zrt. since 29 June 2015.
Takarék Group is one of Hungary’s biggest bank groups and is a significant player of the Hungarian financial system. The Group’s members are MTB Zrt. as an integration business management organization, Takarékbank Zrt. as universal commercial bank, Takarék Jelzálogbank Nyrt. as specialized credit institution, and other companies and subsidiaries dealing with factoring, leasing, fund management, real estate management, IT services and other supplemental financial services. Takarék Group’s proper and prudent operation is controlled and supervised by the Central Organization of Integrated Credit Institutions, having separate licenses. Takarék Group’s universal commercial bank with a countrywide coverage is Takarékbank Zrt., which comprises of earlier savings institutions, and is one of the largest Hungarian financial institute operating the country’s biggest branch network, serving 1.1 million customers.
The 70 years old MKB Bank Plc. is the Hungarian financial system's classic bank. Thanks to the successful reorganization between 2015 and 2019, the operation and structure of the financial institution complies with the criteria and expectation system for banks set by the EU. MKB is Hungary’s determining universal bank which provides long-lasting value to its customers through predictable and dependable partner relationships. The bank, set on a dynamic development path, with modern digital foundation and strategy, has a traditionally strong large enterprise and private banking clientele, as well as consulting and analytical capacities. The core value of the financial institute is its professional customer service with well-prepared, supportive and honest expert processes.
Magyar Bankholding Zrt.
The financial holding company was founded by Corvinus Zrt., Budapest Bank Zrt., MKB Bank Nyrt. and MTB Zrt. managing Takarék Group in May 2020 in order to analyze and prepare the option of forming a locally owned bank group with a determining market weight. The new bank group may be Hungary’s second biggest player: It serves nearly 1.9 million customers altogether, nationwide, it operates nearly half of the domestic branch network with more than 920 branches, its aggregated balance sheet total approximates HUF 6,800 billion, its credit volume HUF 3,800 billion, and its deposit volume HUF 4,800 billion. It serves 200 thousand micro companies, 30 thousand small and mid-sized enterprises, six thousand private bank partners, and is a market leader or second biggest player in a number of areas (agriculture, Hungarian SMEs, leasing).
Founding the bank group of three greatly complementing financial institutes allows the utilization of significant synergies, which can substantially strengthen the competitiveness, growth capacities, profit generating capacity and stability of the new bank group, as well as the market value of the companies and their option to expand internationally. By merging their strengths and expertise, the financial institutions making up the new bank group can further modernize their products and services, increase the standards for customer service, and can create a Hungarian-owned bank group that is simultaneously strong in rural areas, cities and the capital, in retail and enterprise customer segments, and in every service provider or producer areas, including agriculture and the food industry.
Besides the customer, product and service portfolios supplementing each other, a number of expense and investment synergy options also open up. With the streamlining of the branch network, significant savings can be achieved, which is also true for the supporting and back office synergies. One of the main areas of bank operation is IT. In the area of IT, the rationalization of operating expenses, development and systems, and the running costs provide a significant potential. Further savings can be achieved by cutting investment and professional costs. The banks may even get better resources due to their scale efficiency and better negotiating position. Analyses claim that following the corporate law merger of the three bank groups’ determining members, utilizing the income, expense and investment synergies, the gradual streamlining of parallel operations and overlaps, operational costs can significantly be reduced in medium-term, which further strengthens the competitiveness, growth potential, profit generating capacity and stability of the bank group, while improving the standards of customer service even further.
The cooperation of the Hungarian-owned Takarék Group, MKB Bank and Budapest Bank may also have substantial benefits for the Hungarian economy as a whole. Hungarian ownership can become even stronger in the bank system; the new, economically dominant, universal bank group can operate successfully even in harder market circumstances, which provides stability and predictable liquidity to the Hungarian economy. The cooperation of the three bank groups can generate additional GDP increase.
The Magyar Bankholding Zrt. received authorization of the establishment from the Central Bank of Hungary in June 2020. After months of due diligence, agreement and decision preparing processes, the significant owners of the three bank groups signed an investment and syndicate agreement in October 2020, and decided that they will contribute their bank shares to Magyar Bankholding. In November 2020, the holding company started its operation.
The tasks of the Chairman of the company’s Board of Directors will be carried out by dr. BARNA Zsolt, CEO tasks by VIDA József; further members of the Board of Directors are dr. BALOG Ádám, dr. LÉLFAI Koppány and dr. TAJTHY Attila. The Chairman of the Supervisory Board is RÓZSA Zsolt, its members are BÁNKUTI Beáta, CSAPÓ András, INAMI-BOLGÁR Rita and VÁRADI Zoltán.
|Magyar Bankholding Zrt. - List of undertakings with close links (direct or indirect) (pdf).pdf||Sep 15, 2021.||382 kB|
|Leadership of the Hungarian Bankholding (pdf)||Dec 15, 2020.||691 kB|