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Magyar Posta now offers personal loans

Telco

Hungarian state-owned postal company Magyar Posta has started offering personal loans, the company confirmed to Hungarian news agency MTI today, following CEO Zsolt Szarka’s interview with Heti Válasz, in which he said that a personal loan product developed by Magyar Posta and FHB Bank would be offered this summer.

According to the reports, the product would become available as of today at almost 80 post offices. Approximately 30% of the postal company’s revenue comes from financial services and insurance brokering, the rates of which Magyar Posta is looking to lift further.

More than 40,000 clients already have a current account with Magyar Posta, and its investment unit, Magyar Posta Befektetési, manages some 30,000 accounts, MTI reported, adding that Magyar Posta has 2,700 branches around the country, some of which are in towns and villages where there are no other financial service providers.

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