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TakarékBank (lit. ' Savings Bank ') was a banking and financial services corporation in Hungary and the central institution for more than 60 co-operative banks and their 1,100 branch offices. In 2023, it merged with MKB Bank to form MBH Bank . [1]
It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takarékbank to form Magyar Bank Holding, branded MBH Bank , thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023. [1]
He started working for Citibank in 1999 and in 2001 he took on the role of Head of Department at Takarékbank. [4] [5] [6] In 2006, he became the director of the Active Business Unit at Szentgál és Vidéke Takarékszövetkezet (Szentgál and Countryside Savings Bank), where he subsequently was appointed managing director. [7]
Subsequently, he took on the roles of president and CEO at MTB Magyar Takarékzövetkezeti Bank Zrt and Takarékbank Zrt. [5] [6] In April 2022, he joined MKB Bank's board of directors. [7] During and after the merger of MKB and Takarékbank to form MBH Bank in November 2023, Szabó held the position of deputy CEO for Individual Services of the ...
Budapest Bank was a commercial bank founded in 1987 with headquarters in Budapest, Hungary. [1]In 1995 the bank was sold to GE Capital, but in 2015 it became again a state owned bank.
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A bank building in Budapest. MagNet Bank (Hungarian: MagNet Magyar Közösségi Bank Zrt., lit. 'MagNet Hungarian Community Bank'), known as the HBW Express Savings Co-operative (Hungarian: HBW Express Takarékszövetkezet) until 2010, is the only community bank in Hungary that practises ethical banking.
NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was an American direct bank that operated between 1996 and 2007. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. Its deposits were acquired by ING Group and the Netbank.com domain name was acquired by Axos Financial.