Magyar Bankholding: the MNB approved the implementation of the merger of Takarékbank Zrt. and MKB Bank Nyrt.

By: Trademagazin Date: 2023. 02. 07. 10:32

On Monday, the Magyar Nemzeti Bank authorized the final step in the merger schedule of Magyar Bankholding, whereby MKB Bank Nyrt. and Takarékbank Zrt. will merge on April 30 and continue their operations under the name MBH Bank Nyrt., with a unified brand name and image, the financial institution announced on Tuesday.

According to the announcement, after the merger, the purely Hungarian-owned major bank will become the country’s second largest financial institution with a total balance sheet total of almost HUF 11,000 billion.

After the merger, the image of the former MKB Bank and Takarékbank branches will change in several steps, and customers will be able to see the image of MBH Bank at more and more points during the year.

It was announced: Magyar Bankholding is harmonizing its internal operations until Takarékbank joins, and in addition, IT systems are constantly being developed and standardized.