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TakarékBank is the short form of the Magyar Takarékszövetkezeti Bank Zrt. (literally "Hungarian Central Co-operative Bank"). TakarékBank represented the interests of the Hungarian Cooperative Financial Institutions at both national and international levels and coordinated and developed the joint strategy within the network.
The market share of the banks in terms of assets at the end of 2015, (in brackets, balance sheet total of the year 2015): [1] OTP Bank: 7,966.48 billion HUF; UniCredit Bank: 2,971.12 billion HUF
K&H was established as Országos Kereskedelmi és Hitelbank Rt. (OKHB, lit. ' National Commercial and Credit Bank ') under the 1987 reform that established a two-tier banking system in Hungary, as one of the three main commercial banks spun off from the Hungarian National Bank together with Budapest Bank (BB) and Hungarian Credit Bank (MHB).
Raiffeisenbank or Raiffeisen Bank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: Raiffeisen Banking Group, Austrian group of cooperative banks Raiffeisen Bank International (RBI), the group's central institution
Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date ...
The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank [ˈmɒɟɒr ˈnɛmzɛti ˈbɒŋk], MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank , under the economic assistance provided to Hungary by the Economic and ...