Téti Takarékszövetkezet (Hungary)

Address

Fo u. 86., 9100, Tét, Hungary

BIC

n/a

Overview

Business Focus

retail banking

Téti Takarékszövetkezet is a savings bank, providinga broad range of retail banking and insurance products to individuals and companies. Téti Takarékszövetkezet was closed in June 2017.

Performance

In 2016, Téti Takarékszövetkezet achieved the position of 3rd largest bank in Hungary with a market share of 0.03%; its total assets dropped by 4.26%.

Deposit Protection

Deposits up to 100,000 EUR are covered by Hungarian deposit guarantee scheme in Téti Takarékszövetkezet.

Market Share (#3 in Hungary)

Ways to Bank

Téti Takarékszövetkezet delivered its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets (2016)

10,803.44 mln HUF (-4.26%)

Net Income (2016)

9.08 mln HUF (-77.52%)

Téti Takarékszövetkezet was the 3rd largest bank in Hungary in terms of total assets. In 2016 its total assets were 10 803,44 mln HUF, providing the bank with the market share of 0.03%. Téti Takarékszövetkezet was the 4th largest savings bank in Hungary (out of 66 savings banks) having market share of 0.36% amongst the banks of this category. In 2016 the bank's net income was 9,08 mln HUF.

Deposit Guarantee

Guarantee Fund

National Deposit Insurance Fund (NDIF)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Hungarian and foreign)
legal entities

Covered Accounts

current accounts
savings accounts
time deposit accounts

Téti Takarékszövetkezet participates in the deposit guarantee scheme of Hungary which applies to current accounts, savings accounts, time deposit accounts made by natural persons (Hungarian and foreign), legal entities and covers up to up to 100,000 EUR per bank per depositor. Téti Takarékszövetkezet is a member of National Deposit Insurance Fund (NDIF) and makes its contributions into it.