MBH Bank is here: the largest merger in domestic banking history has been realized

By: Trademagazin Date: 2023. 05. 03. 11:46

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.
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