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MBH Bank Completes Post-merger Transition

Banking

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.

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