MTB (Magyar Takarékszövetkezeti Bank)

MTB is a banking and financial services business in Hungary that serves as the umbrella organization for more than 60 co-operative banks and approximately 1,100 branch locations. MTB has operated as both a central bank and a business and investment bank since its founding in 1989. MTB represents the interests of Hungarian Cooperative Financial Institutions on both national and international levels, as well as coordinates and develops the network's unified strategy. The bank provides legal, tax, and business management advice and support to its members.

The business potential inherent in the savings cooperative system will be used through integration with Hungary's largest branch network. As a result, a nationally competitive banking group will be formed, delivering modern products tailored to the demands of the entire Hungarian population and entrepreneurs. MTB's goals include modernisation, commercial and organizational renewal, and the preservation of traditions and values.

The Savings Group's business and organizational restructuring best integrates the century-and-a-half traditions of savings cooperatives with modern, creative commercial banking methods. MTB designs modern products for families and people of all ages, and welcomes young people and city dwellers. They promote the structure and management of local communities, ecosystems, and value chains, and assist local growth. The Bank provides competitive items that are adapted to customers' actual wants and life situations in any section of the country.

Founded: 1989
Headquarters: Budapest, Hungary
Website: https://www.mtb.hu/