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Informations about Hungarian banks

There are numerous Hungarian banks with a long history and professional administration, from which you can choose the most appropriate for you, if you are planning to open a bank account in Hungary. The biggest banks are the OTP, MKB, Erste, Raiffeisen, and CIB Bank. Please allow us to give you a brief description of these banks:

 

OTP Bank:

It is the biggest commerical bank in Hungary, founded in 1949. It operates nearly 1500 bank accounts in Central and Eastern Europe, providing its high level services for more than 13 million clients in 9 countries.

 

MKB Bank:

It is a general commercial bank in Hungary, which was founded in 1950. Since 2014 it is owned by the Hungarian State. Currently it is the fifth largest bank in Hungary, after 2015 summer the number of the private banking customers exceeded 1900, and the treated assets HUF 313 billion. 

 

Erste Bank:

It is a Hungarian commercial bank, founded in 1997, since that it is one of the biggest bank in Hungary. Its main activities is deposit taking and lending, financial services and non-bank financial services.

 

Raiffeisen Bank:

It is one of the key financial players in the Hungarian financial sector, providing universal financial services. It was founded in 1986, as a subsidiary of the Austrian Raiffeisen Bank International AG, which is the leading universal bank in Central and Eastern Europe.

 

CIB Bank:

It is a Hungarian commercial bank founded in 1979, a subsidiary of the Intesa Sanpaolo Group. As a universal credit institution, it offers a wide range of commercial banking and investment services, with a determenative parent bank background. Its branch network provides nationwide coverage, the number of its customers is nearly 450.000.

 

Opening a bank account in Hungary has several advantages:

  • Unlimited number of SEPA payments,
  • You can open an account in any international, bigger currency (EUR,USD etc.),
  • You can open a safe custody account in any bank,
  • There are banks in Hungary, like the Raiffeisen bank which is a part of an international banking system,
  • You can arrange a bank/credit card after you have opened the account,
  • There are a lot of types of bank/credit cards, like Visa, Mastercard, American Express,
  • Hungarian banks have a good security system, ensured with privacy policy,
  • English speaking administrators at every bank,
  • Fast and professional administration.

Hungarian banks offer several packages, to meet the needs of their clients the most appropriate way. If you entrust us with your confidence, we can help you to choose the most suitable package for your needs.

If you have any further questions please do not hesitate to contact us.