Erste Bank Hungary manages HUF 550 bln in private banking, premium client assets

Telco

Assets managed by Erste Bank Hungaryʼs private banking and premium client business reach a total of HUF 550 billion, András Kállay, the head of private banking business at Erste, said yesterday, according to reports.

The bank managed almost HUF 300 bln worth of assets for approximately 2,200 private banking clients and over HUF 250 bln for about 20,000 premium clients, Kállay said. 

Ersteʼs private banking clients have assets of more than HUF 70 million, while premium clients have assets of HUF 5-70 mln, said László Harmati, the bankʼs deputy-CEO for retail accounts, according to Hungarian news agency MTI.

At least HUF 100 mln in assets are owned by “classic” private banking clients, Kállay added, according to MTI.

Erste launched its private banking business ten years ago, MTI noted. 

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