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Royal Postal Savings Bank
The Hungarian Postal Savings Bank () was a major savings institution in Hungary, established in 1886 as the Hungarian Royal Postal Savings Bank () and terminated in 1948. It is well remembered for its head office in District V of Budapest, a striking Art Nouveau building designed by Ödön Lechner. History The Postal Savings Bank was established on by order of Lax IX of 1885. This act initially only authorized savings accounts, but was later expanded by Law XXXIV of 1889, which authorized "checks and clearing" starting on 1 January 1890. A state institutions under the Ministry of Trade, the Postal Savings Bank used local post offices as its branches and thus had unparalleled to retail clients, especially less wealthy ones. By end-1908, the Postal Savings Bank had 684,299 depositors out of a population of around 20 million in the Kingdom of Hungary. In 1919 the Postal Savings Bank notes were issued by decree of the Revolutionary Governing Council of the Hungarian Soviet Repub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Nouveau
Art Nouveau ( ; ; ), Jugendstil and Sezessionstil in German, is an international style of art, architecture, and applied art, especially the decorative arts. It was often inspired by natural forms such as the sinuous curves of plants and flowers. Other characteristics of Art Nouveau were a sense of dynamism and movement, often given by asymmetry or whiplash lines, and the use of modern materials, particularly iron, glass, ceramics and later concrete, to create unusual forms and larger open spaces.Sembach, Klaus-Jürgen, ''L'Art Nouveau'' (2013), pp. 8–30 It was popular between 1890 and 1910 during the Belle Époque period, and was a reaction against the academicism, eclecticism and historicism of 19th century architecture and decorative art. One major objective of Art Nouveau was to break down the traditional distinction between fine arts (especially painting and sculpture) and applied arts. It was most widely used in interior design, graphic arts, furniture, glass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MKB Bank
MKB Bank, initially Magyar Külkereskedelmi Bank (), was a Hungarian state-owned bank founded in 1950. It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takarékbank to form Magyar Bank Holding, branded MBH Bank, thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023. History MKB was created in 1950 within the communist-era single-tier banking system, in which it was one of the country's four main financial institutions alongside the Hungarian National Bank, the Hungarian Investment Bank (renamed the State Bank for Development in 1972 and liquidated in 1987), and the Hungarian National Savings Bank Company. It took over assets and operations, among others, from the former Hungarian Commercial Bank of Pest. The purpose of its establishment was to participate in the international monetary system and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1886
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Nouveau Architecture In Budapest
Art is a diverse range of culture, cultural activity centered around works of art, ''works'' utilizing Creativity, creative or imagination, imaginative talents, which are expected to evoke a worthwhile experience, generally through an expression of emotional power, conceptual ideas, technical proficiency, or beauty. There is no generally agreed definition of what constitutes ''art'', and its interpretation has varied greatly throughout history and across cultures. In the Western world, Western tradition, the three classical branches of visual art are painting, sculpture, and architecture. Theatre, dance, and other performing arts, as well as literature, music, film and other media such as interactive media, are included in a broader definition of "the arts". Until the 17th century, ''art'' referred to any skill or mastery and was not differentiated from crafts or sciences. In modern usage after the 17th century, where aesthetic considerations are paramount, the fine arts are s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Croatian Savings Bank
The First Croatian Savings Bank (, ) was a significant Croatian bank headquartered in Zagreb. The bank was founded in 1846 and liquidated in 1945. It has been described as "the first modern credit institution in Zagreb" and "one of the most significant financial institutions in Croatia's banking history". History Habsburg era The First Croatian Savings Bank was created on March 4, 1846, in Zagreb, on the basis of Imperial Austrian legislation of 1844 that facilitated the establishment of savings banks. It followed precedents such as the Erste österreichische Spar-Casse in Vienna (1819), the Laibacher Sparkasse in nearby Ljubljana (1820), and the First National Savings Bank of Pest (1839-40). Its founders included Ljudevit Gaj, Dimitrija Demeter, Antun Mažuranić, , , and . The latter became the bank's first president. The shareholders were mostly merchants of Gradec, Zagreb, Gradec, which five years later merged with its sister town of Kaptol, Zagreb, Kaptol to form the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First National Savings Bank Of Pest
The First National Savings Bank of Pest (PHET) (), sometimes translated as ''First Domestic Savings Bank'' or referred to simply as ''First Savings Bank'', was a major Hungarian bank that was established in 1839–1840 and was eventually nationalized in 1948, together with its universal banking affiliate ''Hazai Bank'', established in 1895. It was one of the three largest banks in Hungary in the late 19th and early 20th centuries, together with the Hungarian Commercial Bank of Pest and the Hungarian General Credit Bank. History Creation and early development The decision to create the First Savings Bank was made by the Pest municipal authorities in 1839, following advocacy by prominent local figures such as András Fáy. It started operations on , initially in two small rooms of Pest County Hall. Lajos Kossuth and István Széchenyi were among its 326 original backers. In 1844 it was converted from an association to a joint-stock company. In 1868, it expanded by opening ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poštanska štedionica
Poštanska štedionica (full legal name: ''Banka Poštanska štedionica a.d. Beograd'') is a Serbian bank that is one of the largest operating in Serbia. It was founded in 1921 and its headquarters are located in Belgrade, Serbia. , it is the sole bank operating on the Serbian market that is majority (or wholly) owned by the Government of Serbia. History Poštanska štedionica (meaning "Post's savings service") was founded on 26 June 1921 in Palilula, Belgrade when the law of postal savings service was implemented. By 1926 it had become the main financial savings institution in Kingdom of Yugoslavia, with branches in all postal offices in the entire county. By then, it practiced a policy of financial transactions free of any taxes, intended to motivate the population to save capital.O banci at Poštanska štedionica official website, retrieved 29-11-2018 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Österreichische Postsparkasse
Österreichische Postsparkasse (, , abbr. P.S.K.) was a postal savings systems, postal savings bank in Austria. It was owned by the Österreichische Post, Austrian Post Office and thus by the government. It merged on 1 October 2005 with the BAWAG to form BAWAG P.S.K. History During the Austro-Hungarian Empire Österreichische Postsparkasse was founded by law in 1882. On 28 May, the parliamentary bill "...on the introduction of postal savings banks in kingdoms and countries represented by the Imperial Assembly" was passed in the Imperial Council (Austria), Imperial Council (''Reichsrat''). The government bill was drawn up by Georg Coch, the founder and first director of the bank. The first headquarters of the "k.k. Postsparcassen-Amt" (Imperial-Royal Postal Savings Office) was opened on 12 January 1883 in the former Dominican Order, Dominican Monastery building on Wollzeile street in the first Viennese district Innere Stadt. About 4,000 post office branches located throughou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erste Group
Erste Group Bank AG (shortened version Erste Group) is an Austrian financial service provider. It is one of the largest financial service providers in Central and Eastern Europe serving more than 16 million clients in over 2,000 branches in seven countries. Erste Group is headquartered in Vienna and operates as a universal bank. Erste Group is the central entity of the Sparkassengruppe Österreich (Austrian Savings Banks Group) and the Österreichischer Sparkassenverband. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. The main shareholder of Erste Group is the non-profit ERSTE Foundation. In 1997, Erste Group went public and today the company is listed on the exchanges of Vienna, Prague and Bucharest and included in the indices ''CEETX'', ATX and PX. History The origins of Erste Group are in the founding of the Erste öst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Magyar Posta
Magyar Posta Zrt. (, ) or Hungarian Post is the postal administration of Hungary. Besides normal mail delivery, Magyar Posta also offers logistics, banking, and marketing services. History The origin of the Magyar Posta was the independent national public institution called Magyar Királyi Posta established in 1867 as part of the Austro-Hungarian Compromise of 1867. While at first it used the stamps of the Austrian Empire, in 1871 it issued its own stamps. The Magyar Királyi Posta was the first to experiment with the motorization of the postal conveyances, beginning in 1897. In 1900, they adopted János Csonka's motorized tricycle, which continued in use by the postal service until the 1920s. In 1918, they briefly dropped the ''Királyi'' from their name during the First Hungarian Republic (1918-1920), and restored it under the Kingdom of Hungary (1920–46), regency beginning in 1920. In 1945 under the provisional government it again became just Magyar Posta. The Magyar Po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian National Bank
The Hungarian National Bank ( , MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself the Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression ''the central bank of Hungary''. The bank doesn't call itself the ''Hungarian National Bank'' in English. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest
Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by population within city limits and the List of cities and towns on the river Danube, second-largest city on the river Danube. The estimated population of the city in 2025 is 1,782,240. This includes the city's population and surrounding suburban areas, over a land area of about . Budapest, which is both a List of cities and towns of Hungary, city and Counties of Hungary, municipality, forms the centre of the Budapest metropolitan area, which has an area of and a population of 3,019,479. It is a primate city, constituting 33% of the population of Hungary. The history of Budapest began when an early Celts, Celtic settlement transformed into the Ancient Rome, Roman town of Aquincum, the capital of Pannonia Inferior, Lower Pannonia. The Hungarian p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
