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Hungarian Bankholding launches client info campaign as MKB-Budapest Bank merger nears

Banking

Former Budapest Bank branches will keep operating partly or entirely with the logo and other branding elements of MKB Bank, Hungarian Bankholding says.

Wikimedia Commons/Globetrotter19

On March 31, Budapest Bank and MKB Bank are set to merge in a three-way bank merger led by Hungarian Bankholding. The group has launched an information campaign on the exact timetable of the merger and the most important information for clients to ensure smooth administration.

The retail and corporate clients of the two financial institutions will receive information on all the changes in the coming weeks through a number of communication channels, including information related to the transition weekend between April 1-4.

The merged MKB Bank will be present in 66 cities, with a total of 143 branches and 184 ATMs. It will offer a fully integrated range of products and services, with unified pricing and value propositions.

The former Budapest Bank branches will also be rebranded and will continue to operate partly or entirely with the logo and other branding elements of the successor MKB Bank. Clients will also be able to find the own data and logo of MKB Bank in all previously familiar communication channels, according to a press release sent to the Budapest Business Journal.

On 4 April 2022, the merged MKB Bank will be on a bank holiday, on this day the former Budapest Bank and existing MKB Bank branches will be closed. The bank holiday will take place in order to ensure smooth technical and IT adjustments due to the merger, the group says.

"The IT and technical changes associated with the merger of Budapest Bank and MKB Bank will affect the operation of several of our systems, so we consider it essential that our clients are properly informed about this. We have scheduled the transition for the weekend in order to minimize the impact on our clients, and we want to help them as much as possible with the information campaign we are launching,"  said Ádám Egerszegi, deputy CEO for transformation of Hungarian Bankholding.

"The latest information is available on our websites www.budapestbank.hu and www.mkb.hu, but we will also be contacting our clients through other channels, such as e-mails. We urge the clients of Budapest Bank and MKB Bank to pay special attention to communication sent by the bank in the coming weeks."

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