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Home arrow Banks arrow Hungary

Banks in Europe

Hungary

Capital city: Budapest

Administrative divisions: 19 counties and the capital city

Population: 10.1 million

Currency: Forint (HUF)

Languages: Hungarian

Dialling code for int. phone calls: +36

Internet country code: .hu

The unpredictable outcome of the ever-deepening crisis on the global financial markets coupled with the fragile domestic political situation makes prospects rather uncertain. Except for rising risk premiums on financial assets denominated in HUF and volatile movements in the HUF/EUR exchange rate and portfolio investments, Hungary has so far managed to withstand the immediate effects of the sporadic waves of money market shocks. The indirect consequences of such a crisis may hamper the recent recovery by weakening demand in Hungary's main European trading partners, with negative consequences on net export developments. In addition to this, the unstable political scene with the minority government makes the outlined fiscal policy uncertain. Still, we continue to foresee an improvement in GDP growth in 2009.

Banks

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There are 14 Banks in this Country.

Erste Bank Hungary Nyrt.

Business profile

Erste Group is active in Hungary since 1997. At that time it acquired formerly state-owned Mezőbank, which was soon renamed Erste Bank Hungary. Following the acquisition of ...
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CIB Bank

CIB was registered under the Hungarian Company Law of 1875, subsequently replaced by the Company Law of 1988. Until the end of 1995 the bank pursued its operation on the basis of a licence issued b ...
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OTP Bank

OTP Bank Plc. is the largest bank among Hungarian credit institutions and the dominant player in each segment of the Hungarian banking market at the same time.

The mission of OTP Bank is to s ...
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Banco Popolare Hungary Bank Zrt

Banco Popolare Hungary was founded through the acquisition of IC Bank in May 2007. The bank is a wholly-owned member of the Banco Popolare Group.

Banco Popolare is Italy's third largest bank ...
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Citibank Zrt.

One of the largest and most internationally minded banks in Hungary is Citibank Zrt., which has been operating in Hungary since 1985. As a member of Citi, Citibank delivers world class services to ...
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K&H Bank Ltd.

In 2002, K&H Bank was the first to issue a microchip-based card in Hungary. This technology is much more secure than magnetic strip cards, since in addition to storing data, it allows for updates a ...
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MKB Bank Zrt.

MKB Bank Zrt. provides various banking services to individuals, and small and medium businesses in Hungary. It offers current accounts, credit cards, mortgages, loans, deposits, and savings. The co ...
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KDB Bank

KDB Bank Rt. provides various financial services to corporate and retail clients in Hungary. Its deposit products include HUF, CHF, EUR, USD, term, and foreign exchange deposits; current accounts; ...
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Calyon Bank Hungary Rt

As one of the first international banks, present in Hungary, Calyon has a thorough local knowledge of business and banking in the country, a member of the European Union since May 1, 2004.

As ...
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Eximbank Ltd.

State-owned Eximbank Hungary Pte Ltd. is a specialized financial institution which, as a member of the MFB (Hungarian Development Bank Ltd.) group of banks, offers financing, guarantee and risk-sha ...
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BNP Paribas Hungaria Bank Rt.

BNP Paribas Hungaria Bank Rt. operates as a joint-venture bank in Hungary. It offers international trade, export finance, energy financing, media and telecom, debt capital market, and ALM and fixed ...
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Volksbank Hungary

Volksbank Hungary Private Ltd has been successfully operating since 1993 on the Hungarian market. Volksbank International AG (VBI) is the main shareholder of the Bank.

VBI is an international ...
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BKS Bank Hungary

The BKS Bank opened an Representative Office in Sopron in 2005, and with it, the door to Hungary.

The following services are available:

Dexia Kommunalkredit Hungary Kft.

In its attempt to further deepen its Central-and Eastern-European presence as a latest step Dexia Kommunalkredit Bank AG established its fully owned origination entity in Hungary in January, 2006.T ...
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