Trive Financial Holding Acquires Sopron Bank

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Trive Financial Holding, based in the Netherlands, has acquired Hungary's Sopron Bank, Trive said in a press release on Tuesday, according to news agency MTI.

Trive will rebrand the lender Trive Bank Hungary and operate it "fully digitally".

Trive Financial Holding CEO Engin Cubukcu said the acquisition, which has been cleared by the National Bank of Hungary (MNB), will expand Trive's geographical footprint and offer local clients a "high-tech bank based on FinTech concepts".

In August, MagNet Hungarian Community Bank announced the takeover of the branches of Sopron Bank.

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