MKB Bank

Next one in the list of largest banks in Hungary is MKB Bank. MKB Bank, formerly Magyar Külkereskedelmi Bank, is Hungary's second-largest commercial bank. Its privatization began in 1994, when BayernLB bought a minority interest. In 2014, the Hungarian government repurchased it. They joined the Magyar Bankholding Zrt (together with Budapest Bank and MTB Bank) in 2020. Budapest Bank merged with MKB in 2022, becoming Hungary's second largest bank, and MTB Bank will also combine with the bank, but under the name MBH Bank.

MKB Bank is one of the country's oldest banks, having been founded in 1950. It was established with the intention of participating in the international monetary system and managing financial transactions relating to foreign commerce. BayernLB agreed with the European Commission to divest itself of certain interests in exchange for state financial aid. As a result, on September 30, 2014, the Hungarian state acquired ownership of MKB Bank Zrt after 20 years. The European Union-supervised bank reform process began at the end of this year, putting the financial institution on a sustainable path via reorganization and rationalization measures.

MKB Bank's professional customer service remains the number one core value, with the most significant parts being client relationship and experience, value preservation and generation, and innovative banking solutions. MKB is a prominent player in the domestic corporate trade financing, money and liquidity management, and investment markets, thanks to the knowledge base built up over its half-century of operation, the skilled team, and the embedded contact system. The bank's strong professional reputation aids in the creation of value for its retail customers.

Founded: 1950
Headquarters: Budapest, Hungary
Website: https://www.mkb.hu/