MBH Bank is here: the largest merger in domestic banking history has been realized
On April 30, 2023, the merger of MKB Bank Nyrt. and Takarékbank Zrt. took place, and from May 1, the resulting credit institution will continue its activities under the name MBH Bank Nyrt., with a new, uniform image.
During the long weekend behind us, the technical and IT transition related to the fusion took place successfully. Thanks to the thorough preparations and implementation of the transition according to schedule, the bank put the affected systems and channels back into operation by the predicted deadline. As of May 1, MBH Bank’s services have been operating without interruption, and since the morning of May 2, bank branches have been waiting for customers according to their usual opening hours. This marked the end of the merger process within Magyar Bankholding that lasted more than two years, resulting in the creation of Hungary’s second largest, purely Hungarian-owned credit institution.
MBH Bank currently serves approximately two million residential and corporate customers. Its total balance sheet total exceeds HUF 10,600 billion[1], making it Hungary’s second largest bank. Deposits at the bank amount to HUF 6,500 billion, while the gross loan portfolio is over HUF 5,000 billion[2]. Thanks to its legal predecessors, MBH Bank has already been a market leader in many areas since its inception, including in the corporate segment, including in micro, small and medium-sized enterprise lending, in the leasing market, and in the agricultural and food industries. After the merger, MBH Bank has the largest branch network, nearly 500 locations await customers in person. In addition, the bank operates one of the most extensive domestic ATM networks, with 800 ATMs nationwide available for cash withdrawals, of which customers can deposit cash into their accounts at nearly 140 machines.
“We are at the end of a successful triple bank merger of unprecedented scale and speed in Europe, for the completion of which I would like to thank my 10,000 colleagues and hundreds of partners, without whom we would not have been able to carry out this merger so smoothly. At the same time, the end of the merger is a new beginning: we are building a dynamic, digital, market-leading bank on stable foundations, which effectively supports the domestic economy, offers customers more and more attractive products and dictates stronger competition on the domestic banking market.”
– said Dr. Zsolt Barna, MBH Bank’s President and CEO.
További információ erről a forrásszövegrőlTovábbi fordítási információhoz forrásszöveg szükséges
Visszajelzés küldése
Oldalsó panelek
Related news
MBH Bank – The biggest merger in Hungarian banking history
On 30 April 2023, the merger of MKB Bank and…
Read more >MBH Bank supports the environment with ten thousand trees
MBH Bank has taken another step towards sustainability: within the…
Read more >MBH AgrárTrend Index: Cautious optimism characterizes the players in Hungarian agriculture
After a year of continuous decline, the value of the…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >