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English information
The first step of the merger timetable of Hungarian Bankholding has been approved, Budapest Bank and MBH will merge under MBH Bank Plc. in the spring of 2022.
Public information
On 15 December, the highest authorities of MBH Bank, Budapest Bank and Hungarian MBH Bank Bankholding – which owns MBH Bank Group – have approved the first step of the merger schedule of Budapest Bank, MBH Bank and MBH Bank Group.
Accordingly, the two member banks of the banking group, Budapest Bank and MBH Bank will merge on 31 March 2022. As part of the fusion of the two commercial banks, Budapest Bank will merge into MBH Bank. The MBH Bank Group will join the merger by the end of the second quarter of 2023, while the Hungarian Bankholding Group will continuously unify its operations. The merged bank, which will be established on 31 March, will temporarily continue to operate under the name of MBH Bank Plc. The final brand of the integrated financial institution is planned to be introduced in early 2023.
Based on the five-year strategy approved in March for the merger of the member banks of Hungarian Bankholding, the full operational fusion of the three credit institutions is planned to be concluded in 2023. The goal of the banking group is to introduce client-centric, attractively priced, internationally leading digital solutions, products and services, by building on all the strengths, values and best practices of the three separately strong domestic commercial banks. The integration of the three member banks – primarily due to its complexity and size – is unique not only in Hungary, but also in the financial markets of the region.
A key element of the strategy of Hungarian Bankholding is digital orientation, which means the future introduction of internationally leading fintech solutions. Our goal is to radically change the customer experience related to the financial services – for this purpose we will introduce flexible, fast solutions and products that can be combined with each other.
Hungarian Bankholding group is an exceptionally stable, strong, and dominant player in the domestic financial sector. It is currently the second largest banking group in Hungary in terms of balance sheet total, and also has the largest branch and ATM network. The superbank is a market leader in a number of areas like the lending corporate clients, and to the micro, small and medium-sized enterprise sector as a key aspect of the national economy, and the leasing market. With an overall market share of 25%, the business unit serving the agriculture and food industry sectors is among the leading players on the market; the group also has a strong position in the private banking market: it manages over HUF 1,000 billion in assets for around 6,000 clients.
We hereby inform you that currently you do not have any action to be taken regarding this announcement, you may continue to forward your questions and needs to your usual bank contact and the staff of your bank branch.
Hungarian Bankholding pays special attention to ensure that the steps of the merger process occur smoothly for clients, at the usual high standards of service.
In addition, our goal is to provide you with even better solutions during the transformation, so the merger process is accompanied by significant IT developments. Hungarian Bankholding is currently building a new digital banking platform that will change the era in terms of both technology and customer experience. The first products of the new platform are expected to be launched in the fourth quarter of 2022, which will address the day-to-day banking needs of retail clients. Through the digital developments, the opportunities for clients are also significantly expanding. The transition between individual products and their combination will be much simpler, and instruments will become even more customizable by the full operational merger, which is planned to be concluded in 2023.
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.