TakarékBank is a banking and financial services corporation in

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the ...

and the central institution for more than 60 co-operative banks and their 1,100 branch offices. TakarékBank consolidates its co-operative banks and forms the Takarék Group, which is the fourth largest bank in

by AUM of 1,889 billion Hungarian forint. Since its inception in 1989, TakarékBank functions both as a central institution and as a corporate and investment bank. The bank headquartered in

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 ...

, and as a holding, the Takarék Group defines itself primarily as a service provider for the local cooperative banks and their over 1 million clients. TakarékBank is the short form of the Magyar Takarékszövetkezeti Bank Zrt. (literally "Hungarian Central Co-operative Bank"). TakarékBank represents the interests of the Hungarian Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within the network. The bank advises and supports his members on legal, taxation, and business management issues. TakarékBank is member of the

EACB The European Association of Co-operative Banks (EACB) (GEBC in French) is the leading trade association for the co-operative banking sector with 27 member institutions and co-operative banks located in 22 countries worldwide. As the representative ...

and the

Euro Banking Association The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiativ ...

. The bank is also member of the

Budapest Stock Exchange Budapest Stock Exchange (BSE) ( hu, Budapesti Értéktőzsde (BÉT)) is the 2nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda ...

. In late 2016 Takarék Group acquired majority stake in

FHB Mortgage Bank FHB Mortgage Bank was Hungary's largest mortgage A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, o ...

, thus beginning one of the largest mergers in the Hungarian banking industry.

References

External links

Official website
Banks of Hungary Companies based in Budapest Hungarian brands Banks established in 1989 Financial services companies established in 1989 Investment banks Online brokerages Primary dealers {{bank-stub

See also

References

External links