|
MBH Bank
MBH Bank Plc. is a Hungarian bank. It began operations on 1 May 2023 following the merger of MKB Bank Plc., Takarékbank Ltd. and Budapest Bank Ltd. This triple merger was a unique transaction in the Hungarian domestic banking sector, resulting in the largest Hungarian-owned banking institution as measured by assets and clients. Dr. Zsolt Barna was appointed as the CEO of Magyar Bankholding, a domestically owned financial holding company created to facilitate the merger, in 2020. He has been leading the integration and strategic alignment of the three banks, creating one of Hungary’s largest banking groups. His leadership focuses on modernization and strengthening the group’s position in the financial sector. MBH Bank has been a market leader in several areas since its inception, including corporate lending, particularly to micro, small, and medium-sized enterprises, the leasing market, and the agricultural and food industries. MBH Bank has the largest branch network in H ... [...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] |
Takarékbank
TakarékBank () was a banking and financial services corporation in Hungary and the central institution for more than 60 co-operative banks and their 1,100 branch offices. In 2023, it merged with MKB Bank to form MBH Bank. Overview Since its inception in 1989, TakarékBank functioned both as a central institution and as a corporate and investment bank. The bank headquartered in Budapest, and as a holding, the Takarék Group defined itself primarily as a service provider for the local cooperative banks and their over 1 million clients. TakarékBank is the short form of the Magyar Takarékszövetkezeti Bank Zrt. (literally "Hungarian Central Co-operative Bank"). TakarékBank represented the interests of the Hungarian Cooperative Financial Institutions at both national and international levels and coordinated and developed the joint strategy within the network. The bank advised and supported his members on legal, taxation, and business management issues. TakarékBank was member of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest Bank
Budapest Bank was a commercial bank founded in 1987 with headquarters in Budapest, Hungary. In 1995 the bank was sold to GE Capital, but in 2015 it became again a state owned bank. In 2020 the MKB Bank, the Budapest Bank and the MTB (Takarékbank) became part of the Magyar Bankholding Zrt. In 2022 Budapest Bank merged into MKB. Buildings File:Budapest Bank, Böszörményi út.JPG, Budapest Bank in Böszörményi út, Budapest File:Budapest Bank. - Rákóczi utca, Cegléd.JPG, Budapest Bank in Cegléd File:Budagyöngye Shopping Center. Budapest Bank. - Budapest District II, Szilágyi Erzsébet fasor 121.JPG, Budapest Bank in Budagyöngye Shopping Center, Budapest File:Budapest Bank. - Keszthely, 2016 Hungary.jpg, Budapest Bank in Keszthely File:Budapest Bank az Eötvös utca felől nézve, 2018 Ráckeve.jpg, Budapest Bank in Ráckeve File:Budapest Bank és GLS csomagszállító, 2019 Kiskunhalas.jpg, Budapest Bank in Kiskunhalas Kiskunhalas (; ) is a city in the county of B� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Forint
The forint (, sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilisation of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the current government there is no target date for adopting the euro. History The forint's name comes from the city of Florence, where gold coins called '' fiorino d'oro' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest Stock Exchange
Budapest Stock Exchange (BSE) (, (BÉT)) is the Stock exchange, third largest stock exchange in Central and Eastern Europe by market capitalization and Market liquidity, liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austria-Hungary, Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The Hungarian National Bank holds an equity stake of 81.35 percent in the Budapest Stock Exchange, following a takeover transaction in 2015. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges. Since its reinstatement in 1990, the Budapest Stock Exchange accounts for all the turnover in the Hungarian market and a large share of the Central and Eastern European market. In 2007, BSE agreed to move to abolish floor trading, the trading today takes place via the X ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lőrinc Mészáros
Lőrinc Mészáros (born 24 February 1966) is a Hungarian businessman and former politician who served as mayor of the Hungarian village Felcsút between 2011 and 2018. With an estimated wealth of 1.241 trillion forints ($3.2 billion) as of December 2024, he is the richest person in Hungary. Several media outlets refer to him as an " oligarch." Due to the perception that he owes his extreme wealth to his close ties to Fidesz and its leader Viktor Orbán, with whom he was childhood friends, Mészáros is one of the most controversial subjects of contemporary Hungarian social and political discourse. Since the 2010 elections, in which Fidesz won a parliamentary supermajority, Mészáros's wealth has doubled annually. He is regularly identified as Orbán's strawman. Mészáros has acknowledged the significance of his relationship with Orbán, saying in 2017 that " isfortune is thanks to three factors: God, luck, and Viktor Orbán''.''" Early life and business Mészáros, like ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Hungary
Central banks * Hungarian National Bank (''MNB'') Commercial banks Source: * Calyon Bank no longer available in Hungary * Credigen Bankbr> * Magyar Takarékszövetkezeti Bankbr> * WestLB Hungaria Bankbr> Market share of banks The market share of the banks in terms of assets at the end of 2015, (in brackets, balance sheet total of the year 2015): # OTP Bank: 7,966.48 billion Hungarian forint, HUF # UniCredit Bank: 2,971.12 billion Hungarian forint, HUF # K&H Bank: 2,607.22 billion Hungarian forint, HUF # Raiffeisen Bank: 1,991.40 billion Hungarian forint, HUF # MKB Bank: 1,974.41 billion Hungarian forint, HUF # Erste Bank: 1,883.08 billion Hungarian forint, HUF # CIB Bank: 1,730.13 billion Hungarian forint, HUF # ''Magyar Fejlesztési Bank (MFB)'': 1,321.55 billion Hungarian forint, HUF # Budapest Bank: 963.67 billion Hungarian forint, HUF # FHB Bank: 894.74 billion Hungarian forint, HUF Specialized credit institutions * FHB Jelzálogbankbr> * Fundamenta-L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
