The List of Banks in Hungary includes major commercial and foreign banks offering a wide range of services such as personal and business banking, loans, mortgages, and investments. Notable banks include OTP Bank, Erste Bank, and Deutsche Bank.
Hungary, a country located in the heart of Europe, boasts a robust and diverse banking sector. Whether you’re a resident, a business owner, or an international investor, understanding the various banking options in Hungary is essential. This article provides a comprehensive list of banks in Hungary, covering commercial and foreign banks that operate in the country.
It also delves into the services these banks offer, their locations, and why they are popular among locals and international clients alike.
Introduction to Banking in Hungary
Hungary’s banking industry is well-developed and modern, with a combination of domestic and international banks serving the population. The Hungarian banking system is overseen by the Hungarian National Bank (Magyar Nemzeti Bank), which regulates financial operations and ensures the stability of the country’s financial sector.
Hungary’s banks offer a wide range of services, including savings and checking accounts, loans, mortgages, investment options, and wealth management. International banks also have a significant presence, making Hungary an attractive destination for foreign investments and cross-border financial services.
This article covers the list of banks in Hungary, providing you with essential details about the most notable commercial and foreign banks operating in the country.
Table of Banks in Hungary
Here is a quick reference table that lists the main banks operating in Hungary, categorized into commercial and foreign banks.
| Category | Bank Name |
|---|---|
| Commercial Banks | OTP Bank |
| K&H Bank | |
| Erste Bank | |
| Budapest Bank | |
| CIB Bank | |
| MKB Bank | |
| Raiffeisen Bank | |
| UniCredit Bank | |
| FHB Bank | |
| Pannon Takarék Bank | |
| Sberbank | |
| MagNet Bank | |
| AXA Bank | |
| Banif Plus Bank | |
| BNP Paribas | |
| Cetelem Bank | |
| Cofidis | |
| ING Bank | |
| Foreign Banks | Bank of China |
| Deutsche Bank | |
| Commerzbank | |
| KDB Bank |
Commercial Banks in Hungary
Commercial banks in Hungary are financial institutions that provide essential banking services to individuals, businesses, and corporations. These banks operate on a national level and serve both domestic and international customers. Here are the key commercial banks in Hungary:
1. OTP Bank
OTP Bank is Hungary’s largest and one of the most popular commercial banks. Founded in 1949, OTP Bank offers a wide range of banking services including savings accounts, loans, mortgages, and investment solutions. OTP is also a key player in mobile banking and digital financial services.
Key Services:
- Personal and business banking
- Credit cards and personal loans
- Investment and insurance products
Website: www.otpbank.hu
2. K&H Bank
K&H Bank is another leading commercial bank in Hungary, with a strong focus on both retail and corporate banking. It offers services for individuals, small businesses, and large corporations.
Key Services:
- Account management and financial planning
- Loans and mortgages
- Corporate banking solutions
Website: www.kh.hu
3. Erste Bank
Erste Bank is a prominent commercial bank in Hungary, offering a wide variety of services including savings accounts, loans, insurance, and investment products. It is part of the larger Erste Group, which operates in several Central and Eastern European countries.
Key Services:
- Home and personal loans
- Investment advisory services
- Business banking solutions
Website: www.erstebank.hu
4. Budapest Bank
Budapest Bank provides comprehensive banking solutions to individuals, businesses, and institutions. It offers a broad spectrum of services, including banking accounts, loans, and investments.
Key Services:
- Loan facilities for personal and business purposes
- Savings and checking accounts
- Financial consulting
Website: www.budapestbank.hu
5. CIB Bank
CIB Bank offers a variety of financial services, including consumer banking, business banking, and investment management. The bank operates in Hungary and is a member of the international Intesa Sanpaolo Group.
Key Services:
- Consumer and corporate loans
- Financial planning
- International payments and transfers
Website: www.cib.hu
6. MKB Bank
MKB Bank offers banking products and services to individuals and businesses, focusing on retail banking, investment banking, and corporate finance.
Key Services:
- Loans and mortgages
- Investment advisory
- Business banking services
Website: www.mkb.hu
7. Raiffeisen Bank
Raiffeisen Bank is an international bank providing a range of banking services to individuals and businesses in Hungary. It is a part of the Raiffeisen Group, a multinational banking and financial services group.
Key Services:
- Personal and business banking
- Credit cards and loans
- Digital banking services
Website: www.raiffeisen.hu
8. UniCredit Bank
UniCredit Bank is an international banking giant with operations in Hungary. It offers a range of banking services to individual clients and businesses alike, focusing on digital transformation in financial services.
Key Services:
- Retail banking products
- Loans and mortgage services
- Corporate banking solutions
Website: www.unicreditbank.hu
9. FHB Bank
FHB Bank is a commercial bank offering personal and business banking services. It is best known for its mortgage solutions and customer service.
Key Services:
- Housing and consumer loans
- Savings accounts
- Business banking
Website: www.fhb.hu
10. Pannon Takarék Bank
Pannon Takarék Bank focuses on offering services to individuals, small businesses, and corporate clients in Hungary. The bank is known for its customer-centric services and community-based approach.
Key Services:
- Personal loans and mortgages
- Savings accounts
- Financial advisory services
Website: www.pannonbank.hu
11. Sberbank
Sberbank is a major Russian bank that operates in Hungary, offering a range of financial services to individuals and businesses.
Key Services:
- Personal banking
- Loans and mortgages
- Investment solutions
Website: www.sberbank.hu
12. MagNet Bank
MagNet Bank is a Hungarian bank offering a variety of financial products and services. It is known for its focus on sustainability and ethical banking practices.
Key Services:
- Personal loans and mortgages
- Savings accounts
- Green banking initiatives
Website: www.magnetbank.hu
13. AXA Bank
AXA Bank is part of the AXA Group, a multinational insurance and investment management company. In Hungary, it provides various banking services to individuals.
Key Services:
- Personal loans and mortgages
- Insurance products
- Investment management
Website: www.axa.hu
14. Banif Plus Bank
Banif Plus Bank is a relatively smaller bank in Hungary, focusing on personal financial services and corporate banking.
Key Services:
- Home loans
- Personal loans
- Business financing
Website: www.banif.hu
15. BNP Paribas
BNP Paribas is one of the largest global banks operating in Hungary. It provides banking and financial services to individual clients, businesses, and institutional investors.
Key Services:
- Private banking
- Corporate banking services
- Wealth management
Website: www.bnpparibas.hu
16. Cetelem Bank
Cetelem Bank specializes in personal loans and consumer financing, catering to a wide array of customers in Hungary.
Key Services:
- Personal loans
- Credit facilities
- Consumer finance solutions
Website: www.cetelem.hu
17. Cofidis
Cofidis is another consumer finance bank in Hungary, focusing on providing flexible loans and financial products for personal use.
Key Services:
- Personal loans
- Credit cards
- Loan consolidation
Website: www.cofidis.hu
18. ING Bank
ING Bank is a multinational bank that offers a variety of banking services to individuals, businesses, and corporate clients. ING is known for its innovative digital banking solutions.
Key Services:
- Personal loans and savings
- Mortgages
- Business banking and investments
Website: www.ing.hu
Foreign Banks in Hungary
Foreign banks play a significant role in Hungary’s financial sector. These banks often provide international clients with access to cross-border banking services. Below are some of the prominent foreign banks in Hungary:
1. Bank of China
Bank of China is one of the largest banks in the world and operates in Hungary. It provides a range of banking services, particularly for Chinese businesses and individuals.
Key Services:
- International banking services
- Corporate and personal loans
- Trade financing
Website: www.bankofchina.com
2. Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong presence in Hungary. It provides a wide range of services including retail and corporate banking, investment management, and wealth management.
Key Services:
- Corporate banking services
- Wealth management
- Investment banking solutions
Website: www.deutschebank.hu
3. Commerzbank
Commerzbank is another foreign bank operating in Hungary, offering financial services for corporate clients and businesses.
Key Services:
- Business loans and financing
- Investment services
- International payments
Website: www.commerzbank.hu
4. KDB Bank
KDB Bank is a South Korean bank providing financial services in Hungary. It focuses on offering corporate banking solutions and services for large-scale businesses.
Key Services:
- Corporate banking
- Trade financing
- International banking services
Website: www.kdb.hu
Conclusion
The list of banks in Hungary includes a wide variety of both commercial and foreign institutions. From well-established Hungarian banks like OTP Bank, Erste Bank, and Raiffeisen Bank, to foreign giants such as Deutsche Bank and the Bank of China, Hungary’s banking sector offers a broad range of services to cater to individual clients, businesses, and international investors.
Choosing the right bank depends on your specific needs, whether it’s personal banking, business services, investment opportunities, or international financial services. By understanding the different banks available in Hungary, you can make more informed decisions about managing your finances in this European hub.
With this detailed list of banks in Hungary, we hope you have a clearer picture of the banking landscape and the services offered by these financial institutions. Whether you’re a resident or a visitor, Hungary’s banks are equipped to meet your financial needs.