MBH Bank

MBH Bank Plc.
Native name
MBH Bank Public Limited Company
Company typePublic
IndustryBanking, Financial services
Founded2023
Headquarters
Budapest, Hungary
Key people
Dr. Zsolt Barna (Chairman & CEO)

MBH Bank Plc. began operations on 1 May 2023 following the merger of MKB Bank Plc., Takarékbank Plc. and Budapest Bank Plc. This triple merger was a unique transaction in the Hungarian domestic banking sector, [1] resulting in the largest Hungarian-owned credit institution in terms of both customers and assets.[2] With this merger, the ancillary products, branch network coverage and professional competences of MKB Bank Plc., Takarékbank Ltd. and Budapest Bank Ltd. have been united in a single framework under the new MBH Bank brand.[2]

Dr. Zsolt Barna was appointed as the CEO of Magyar Bankholding, a domestically owned financial holding company created to facilitate the merger, in 2020. He has been leading the integration and strategic alignment of the three banks, creating one of Hungary’s largest banking groups. His leadership focuses on modernization and strengthening the group’s position in the financial sector.[3]

MBH Bank has been a market leader in several areas since its inception, including corporate lending, particularly to micro, small, and medium-sized enterprises, the leasing market, and the agricultural and food industries.[4] MBH Bank has the largest branch network in Hungary, with nearly 500 locations available for in-person customer service.[2] Through its role in the banking sector, MBH Bank creates significant value for the national economy, supporting Hungarian businesses and the retail customers from its position as a "national champion".

MBH Bank currently serves approximately 2.5 million retail and corporate customers.[2] Its total assets exceeds more than HUF 12 trillion, making it Hungary’s second largest bank.[5] Deposits at the bank amount to more than HUF 7 trillion, while the gross loan portfolio is over HUF 5 trillion.[2]

  1. ^ "MBH Bank is here: the largest merger in domestic banking history has been realized". www.trademagazin.hu/en. 3 May 2023. Retrieved 2023-05-03.
  2. ^ a b c d e "About Us". www.mbhbank.com.
  3. ^ "Zsolt Barna appointed CEO of Hungarian Bankholding". www.bbj.hu. 23 December 2021. Retrieved 2021-12-23.
  4. ^ "MBH Bank is here: the largest merger in domestic banking history has been realized". www.trademagazin.hu/en. 3 May 2023. Retrieved 2023-05-03.
  5. ^ "MBH Bank and Finshape's Journey to Unified Mobile Banking". www.disruptionbanking.com. 10 July 2024. Retrieved 2024-07-10.

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