|
First National Savings Bank Of Pest
The First National Savings Bank of Pest (PHET) ( hu, Pesti Hazai Első Takarékpénztár), sometimes translated as ''First Domestic Savings Bank'' or referred to simply as ''First Savings Bank'', was a major Hungarian bank that was established in 1839–1840 and was eventually nationalized in 1948, together with its universal banking affiliate ''Hazai Bank'', established in 1895. It was one of the three largest banks in Hungary in the late 19th and early 20th centuries, together with the Hungarian Commercial Bank of Pest and the Hungarian General Credit Bank. History Creation and early development The decision to create the First Savings Bank was made by the Pest municipal authorities in 1839, following advocacy by prominent local figures such as András Fáy. It started operations on , initially in two small rooms of Pest County Hall. Lajos Kossuth and István Széchenyi were among its 326 original backers. In 1844 it was converted from an association to a joint-stock ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Miklós Ybl
Miklós Ybl (6 April 1814 in Székesfehérvár – 22 January 1891 in Budapest) was one of Europe's leading architects in the mid to late nineteenth century as well as Hungary's most influential architect during his career. His most well-known work is the Hungarian State Opera House in Budapest (1875–84). Background After graduating from the Institute of Technology in Vienna, Ybl became Mihály Pollack's assistant in 1832 and worked in Henrik Koch's office between 1836 and 1840. Following this, he moved to Munich and studied at the Academy of Fine Arts and then to Italy to study. After his return, he entered into partnership with the son of Mihály Pollack, Ágoston; together they refurbished the Ikervár castle of Count Lajos Batthyány. His first main work was the church in Fót, built between 1845 and 1855. His early, large projects were built in Romantic style, influenced by eastern motifs. Although Romanesque shapes also occur in his later buildings, after his second st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niederösterreichische Escompte-Gesellschaft
The Niederösterreichische Escompte-Gesellschaft or Niederösterreichischen Escomptegesellschaft () was a significant Austrian bank, created in Vienna in 1853. In 1934, the sounder parts of its business were merged with Creditanstalt and Wiener Bankverein to form Creditanstalt-Bankverein, a predecessor entity of Bank Austria (since 2005 part of UniCredit). History The Niederösterreichische Escompte-Gesellschaft was formed in 1853 on the model of the Disconto-Gesellschaft established two years earlier in Berlin, and mainly served merchants and industrialists in Vienna and its surrounding region of Lower Austria. In 1863, it sponsored the creation of the Böhmische Escompte-Bank in Prague, of which it eventually took full ownership in 1901. In 1869, it sponsored the creation of the in Pest, developed from the former private banking house of C. J. Malvieux. By 1910, it was one of the seven largest banks in Vienna. Following World War I, in 1919 the Niederösterreichische Esco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Croatian Savings Bank
The First Croatian Savings Bank ( hr, Prva hrvatska štedionica, german: Erste kroatische Sparkasse) was a significant Croatian bank headquartered in Zagreb. The bank was founded in 1846 and liquidated in 1945. It has been described as "the first modern credit institution in Zagreb" and "one of the most significant financial institutions in Croatia's banking history". History Habsburg era The First Croatian Savings Bank was created on March 4, 1846, in Zagreb, on the basis of Imperial Austrian legislation of 1844 that facilitated the establishment of savings banks. It followed precedents such as the Erste österreichische Spar-casse in Vienna (1819) and the First National Savings Bank of Pest (1839-40). Its founders included Ljudevit Gaj, Dimitrija Demeter, Antun Mažuranić, , , and . The latter became the bank's first president. The shareholders were mostly merchants of Gradec, which five years later merged with its sister town of Kaptol to form the city of Zagreb. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Postal Savings Bank
The Hungarian Postal Savings Bank ( hu, Magyar Postatakarékpénztár) was a major savings institution in Hungary, established in 1886 as the Hungarian Royal Postal Savings Bank ( hu, Magyar Királyi Postatakarékpénztár) and terminated in 1948. It is well remembered for its head office in District V of Budapest, a striking Art Nouveau building designed by Ödön Lechner. History The Postal Savings Bank was established on by order of Lax IX of 1885. This act initially only authorized savings accounts, but was later expanded by Law XXXIV of 1889, which authorized "checks and clearing" starting on 1 January 1890. A state institutions under the Ministry of Trade, the Postal Savings Bank used local post offices as its branches and thus had unparalleled to retail clients, especially less wealthy ones. By end-1908, the Postal Savings Bank had 684,299 depositors out of a population of around 20 million in the Kingdom of Hungary. In 1919 the Postal Savings Bank notes were issued b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Discount And Exchange Bank
The Hungarian Discount and Exchange Bank ( hu, Magyar Leszámítoló és Pénzváltó Bank, MLPB, occasionally referred to simply as "Discount Bank") was a significant Hungarian bank, established in Budapest in 1869. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. Overview The MLPB was originally established as a Hungarian affiliate by the Vienna-based Niederösterreichische Escompte-Gesellschaft, which for that purpose took over the local private banking house of C.J. Malvieux. In 1881, it received further investment from a group of investors formed by Vienna's Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. It expanded into merchant banking in the 1870s and took over several major warehouses in the 1880s. Like other Hungarian universal banks, it took ownership stakes in major utilities and industrial companies. It also participated in the issuance of loans by the Hungarian state and the city of Budap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Mortgage Credit Bank
The Hungarian Mortgage Credit Bank ( hu, Magyar Jelzálog-Hitelbank, occasionally referred to simply as "Mortgage Bank") was a significant Hungarian bank, founded in 1869 in Budapest. By 1913 it was the third-largest bank in the country by total assets, behind the Hungarian Commercial Bank of Pest and the First National Savings Bank of Pest. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. In 1881, it received further investment from a group of investors formed by Vienna's Unionbank (Austria), Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. The bank was long led by Hungarian statesman Kálmán Széll. The Mortgage Bank remained among the country's leading banks during the interwar period. Its chairman and CEO from 1918 to 1925 was . Its managing director from 1937 to 1944 was Imre Oltványi, who would become governor of the Hungarian National Bank in the imemdiate postwar era. See also * Austro-Hungarian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ignác Alpár
Ignác Alpár József (born Schöckl József; 17 January 1855 in Pest – 27 April 1928 in Zürich) was a Hungarian architect.Ignác Alpár , retrieved 6 May 2012 Career Alpár began his career as a stonemason, then worked under architect . After completing formal studies in , he returned to |
End Of Communism In Hungary
Communist rule in the People's Republic of Hungary came to an end in 1989 by a peaceful transition to a democratic system. After the Hungarian Revolution of 1956 was suppressed by Soviet forces, Hungary remained a communist country. As the Soviet Union weakened at the end of the 1980s, the Eastern bloc disintegrated. The events in Hungary were part of the Revolutions of 1989, known in Hungarian as the ' (). Prelude Decades before the Round Table Talks, political and economic forces within Hungary put pressure on Hungarian communism. These pressures contributed to the fall of communism in Hungary in 1989. Economic problems The New Economic Mechanism was the only set of economic reform in Eastern Europe enacted after the wave of 1950s and 60s revolutions that survived past 1968. Despite this, it became the weakest point of Hungarian communism, and a pressure that contributed greatly to the transition to democracy. In 1968, the Central Committee of the Hungarian Socialist Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OTP Bank
OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe and with banking services for private individuals and corporate clients. The OTP Group comprises subsidiaries in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. The bank is present in 11 countries, namely Albania, Bulgaria, Croatia, Hungary, Moldova, Montenegro, Romania, Russia, Serbia, Slovenia and Ukraine. , OTP Group had more than 36,000 employees, 13 million clients, and over 1,500 branches. OTP is still the largest commercial bank in Hungary with over 25% market share. OTP Group started its activity in 1949 when OTP Bank was founded as a state savings and commercial bank. OTP stands for Országos Takarék Pénztár (), which indicates the original purpose of establishment of the bank. The bank went public in 1995, and the share of the state in the bank capital decr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MKB Bank
{{disambiguation ...
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian National Bank
The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian State Bank, which introduced the Hungarian forint on 1 August 1946. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the forint, controlling the money in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. Operations The Governor of the Hungarian National Bank is appointed by the President of Hungary at the proposal of the Prime Minister for a six-year term. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single-tier Banking System
A single-tier banking system is a policy framework under which all credit institutions coexist without distinction about the quality of their liabilities, or in other words, there is no distinction between central bank money and broad money. This setting is generally associated with communist economic systems. An extreme version of single-tier banking system is the monobank system in which a single institution centralizes all financial intermediation. The alternative to a single-tier system is a two-tier banking system, in which the central bank is singled out and entrusted with monetary policy, as is presently the case in nearly all of the world's jurisdictions. The move from single-tier to two-tier banking systems has been a key feature of post-communist transitions or, in the case of China, post-Mao economic reform. References to tiering in the banking sector also exist in other contexts. For example, the Hong Kong Monetary Authority in the 1980s implemented what it calls a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> End Of Communism In Hungary")
