MBH Bank Completes Post-merger Transition
A technical and IT transition following the merger of MKB Bank and Takarékbank has been successfully completed, successor MBH Bank said on Wednesday, according to a report by state news wire MTI.
MBH Bank's services have operated without interruption from May 1, and bank branches opened for regular hours from the morning of May 2, the lender said.
The start of MBH Bank's operation is the culmination of a gradual, three-way tie-up between Budapest Bank, MKB Bank, and Takarékbank first announced in 2020.
MBH Bank is now Hungary's second-biggest universal bank, with around 2 million clients and total assets of over HUF 10.6 trillion. Its balance sheet shows a stock of deposits of HUF 6.5 tln and gross lending stock of more than HUF 5 tln. The lender has close to 500 branches and around 800 ATMs.
MBH Bank has started operations with a uniform brand and look, and will gradually issue replacement bank cards.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.