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Budapest Bank
Budapest Bank is a commercial bank founded in 1987 with headquarters in Budapest, Hungary. In 1995 the bank was sold to GE Capital, but in 2015 it became again a state owned bank. In 2020 the MKB Bank, the Budapest Bank and the MTB (Takarékbank) became part of the Magyar Bankholding Zrt. In 2022 Budapest Bank merged into MKB. Buildings File:Budapest Bank, Böszörményi út.JPG, Budapest Bank in Böszörményi út, Budapest File:Budapest Bank. - Rákóczi utca, Cegléd.JPG, Budapest Bank in Cegléd File:Budagyöngye Shopping Center. Budapest Bank. - Budapest District II, Szilágyi Erzsébet fasor 121.JPG, Budapest Bank in Budagyöngye Shopping Center, Budapest File:Budapest Bank. - Keszthely, 2016 Hungary.jpg, Budapest Bank in Keszthely File:Budapest Bank az Eötvös utca felől nézve, 2018 Ráckeve.jpg, Budapest Bank in Ráckeve File:Budapest Bank és GLS csomagszállító, 2019 Kiskunhalas.jpg, Budapest Bank in Kiskunhalas See also *List of banks in Hungary Cen ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ...
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Budapest
Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population of 1,752,286 over a land area of about . Budapest, which is both a city and county, forms the centre of the Budapest metropolitan area, which has an area of and a population of 3,303,786; it is a primate city, constituting 33% of the population of Hungary. The history of Budapest began when an early Celtic settlement transformed into the Roman town of Aquincum, the capital of Lower Pannonia. The Hungarians arrived in the territory in the late 9th century, but the area was pillaged by the Mongols in 1241–42. Re-established Buda became one of the centres of Renaissance humanist culture by the 15th century. The Battle of Mohács, in 1526, was followed by nearly 150 years of Ottoman rule. After the reconquest of Buda in 1686, the ...
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Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of nearly 9 million, mostly ethnic Hungarians and a significant Romani minority. Hungarian, the official language, is the world's most widely spoken Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr. The territory of present-day Hungary has for centuries been a crossroads for various peoples, including Celts, Romans, Germanic tribes, Huns, West Slavs and the Avars. The foundation of the Hungarian state was established in the late 9th century AD with the conquest of the Carpathian Basin by Hungar ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ...
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MKB Bank
MKB may refer to: Business * MKB Bank, the third-biggest commercial bank in Hungary * MKB Raduga, a Russian aerospace company * MKB Fakel, a Russian government-owned aerospace defense corporation Community * Moogooru Karnataka Brahmin, a sect of Kannada speaking Smartha Brahmins and follow Advaita Vedanta *MKB Nagar, residential locality in northern part of the metropolitan city of Chennai, Tamil Nadu state, India * MKB Veszprém, a handball club from Hungary * M. K. B. v. Warden, a sealed case in South Florida People *Małgorzata Kidawa-Błońska * Marques Brownlee Computing *Media Key Block The Media Key Block (MKB) is one of the keys included inside the copying protection system (DRM) AACS. This system is used to prevent Blu-ray and HD DVD formats from being copied. The system was developed by companies from the film industry and t ...
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Cegléd
Cegléd (; german: Zieglet) is a city in Pest County, Pest county, Hungary, approximately southeast of the Hungarian capital, Budapest. Name The name of the town is of disputed origin. The name may be derived from the word "szeglet" (meaning "corner") due to its being a junction point of several important routes, while it may also have been derived from a Noun, proper name, i. e. from the name of a man called "Cegléd". The most likely explanation derives the name from the noun "cigle" or "cegle", the old Hungarian name of a rivercoast willow. History Its area has been inhabited since the Copper Age. It was first mentioned in 1290 in a decree by Ladislaus IV of Hungary. The town prospered under the Árpád dynasty until the 13th century Mongols, Mongol invasion of Hungary left it in ruins. It was reinhabitated later, and on May 8, 1364 Louis I of Hungary relieved the town from paying customs. The king gave the town to his queen, Elizabeth of Poland, Queen of Hungary, Elisabeth, ...
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Keszthely
Keszthely (; also known by other alternative names) is a Hungarian city of 20,895 inhabitants located on the western shore of Lake Balaton. It is the second largest city by the lake and one of the more important cultural, educational and economic hubs in the region. Due to its favorable location and accessibility by both road and rail, Keszthely and the surrounding area is a preferred holiday destination. Though settled since at least Roman times (the '' Keszthely culture'' of the Pannonian Romance language), the first historical evidence of the town Keszthely dates from a 1247 document. Since 1421, Keszthely has been a market town. The Faculty for Agriculture of University of Pannonia is located in Keszthely. George Fejer, Hungarian author and librarian at the University of Pest, was born in Keszthely in 1766. Etymology and names The name comes from Slavic ''*Kostel'', see also the etymology of Kesztölc. Hungarian ''hely'': a site, a location. The Hungarian part of the n ...
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Ráckeve
Ráckeve (Serbian language, Serbian: Српски Ковин / Srpski Kovin) is a town on Csepel Island in the county of , Hungary. Its residents are Magyars, with minority of Serbs. The Serbian Kovin Monastery, the oldest in Hungary and one of two in the Diocese of Buda of the Serbian Orthodox Church, was built in 1487 in the centre of Ráckeve. Also in central Ráckeve is the ''Savoy Castle'' of Prince Eugene of Savoy, built in the baroque style in 1702–50. History After the Árpád dynasty was established, the region of today's Ráckeve belonged to the List of Hungarian rulers, Hungarian king. In the Middle Ages, there was a settlement here called ''Ábrahámtelke'', and also a monastery built in the 12th century, mentioned in official document in 1212 the first time. In the 15th century many Serbs, Serb refugees came from the South, fleeing the invasions of the Ottoman Empire, Ottoman Turks. In this time, the settlement was called ''Kiskeue'', that is to say "Kiskeve ...
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Kiskunhalas
Kiskunhalas (; german: Hallasch) is a city in the county of Bács-Kiskun, Hungary. Railroad The city is an important railway junction. It crosses the Budapest-Subotica-Belgrade railway line. The Kiskunfélegyháza railway ends in Kiskunhalas. Geography Kiskunhalas is located south of Budapest. On 20 July 2007, Kiskunhalas recorded a temperature of , which is the highest temperature to have ever been recorded in Hungary. Name Kiskunhalas used to be surrounded by lakes that were rich in fish, ''Halas'' in Hungarian, and this gave rise to the town's name. The other part of the name comes from the Hungarian kiskun-, meaning Little Cumania (Hungarian: ''Kiskunság''); Kun was what the Hungarians called the Cuman people. Croats in Hungary call this town as ''Olaš''. The Croat name came as shortening of its Hungarian name, as it was easier for Croat speakers to pronounce it that way. History Its known history goes back to the 9th century. Kiskunhalas has many archaeolog ...
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List Of Banks In Hungary
Central banks * Hungarian National Bank (''MNB'') Commercial banks Source: * Calyon Bank no longer available in Hungary * Credigen Bankbr> * Magyar Takarékszövetkezeti Bankbr> *WestLB Hungaria Bankbr> Market share of banks The market share of the banks in terms of assets at the end of 2015, (in brackets, balance sheet total of the year 2015): # OTP Bank: 7,966.48 billion Hungarian forint, HUF # UniCredit Bank: 2,971.12 billion Hungarian forint, HUF # K&H Bank: 2,607.22 billion Hungarian forint, HUF # Raiffeisen Bank: 1,991.40 billion Hungarian forint, HUF # MKB Bank: 1,974.41 billion Hungarian forint, HUF # Erste Bank: 1,883.08 billion Hungarian forint, HUF # CIB Bank: 1,730.13 billion Hungarian forint, HUF # ''Magyar Fejlesztési Bank (MFB)'': 1,321.55 billion Hungarian forint, HUF # Budapest Bank: 963.67 billion Hungarian forint, HUF # FHB Bank: 894.74 billion Hungarian forint, HUF Specialized credit institutions * FHB Jelzálogbankbr> * Fundamenta-L ...
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