MKB Bank
State-controlled bank in Hungary / From Wikipedia, the free encyclopedia
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MKB Bank, initially Magyar Külkereskedelmi Bank (lit. 'Hungarian Foreign Trade Bank'), was a Hungarian state-owned bank founded in 1950. It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takarékbank to form Magyar Bank Holding, branded MBH Bank [hu], thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023.[1]
You can help expand this article with text translated from the corresponding article in Hungarian. (January 2022) Click [show] for important translation instructions.
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Quick Facts Company type, Industry ...
Company type | Public |
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Industry | Finance and Insurance |
Founded | 1950 |
Defunct | 2023 |
Successor | MBH Bank [hu] |
Headquarters | Budapest, Hungary |
Products | Commercial banking, |
Website | www |
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