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Economy and Banking Sector of Hungary

Major Banks of Hungary

Rank
1
Total Assets
7,771.88 bln HUF  (+9.31%)
Rank
2
Total Assets
3,041.32 bln HUF  (+6.22%)
Rank
3
Total Assets
2,838.89 bln HUF  (+0.19%)
Rank
4
Total Assets
2,179.03 bln HUF  (+6.89%)
Rank
5
Total Assets
2,172.34 bln HUF  (+8.55%)
Rank
6
Total Assets
2,062.72 bln HUF  (-1.74%)
Rank
7
Total Assets
1,677.76 bln HUF  (+0.74%)

#1: OTP Bank Nyrt

OTP Bank is a Hungarian credit institution and the main entity of OTP Group (Hungary). OTP Bank operates as a universal bank, providing a full range of retail, private and corporate banking products and services to private individuals and corporate customers.

Business Focus
universal banking

OTP Bank Nyrt is the 1st largest bank in Hungary in terms of total assets. In 2017 its total assets were 7 771,88 bln HUF. In 2017 the bank's net income was 251,55 bln HUF.

OTP Bank Nyrt is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade). OTP Bank Nyrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Kereskedelmi és Hitelbank Zrt

Kereskedelmi és Hitelbank Zrt (K&H bank, eng: Trade and Credit Bank) is a universal bank, providing retail, private, corporate and investment banking products and services to individuals, SMEs and large corporations.

Business Focus
universal banking

Kereskedelmi és Hitelbank Zrt is the 2nd largest bank in Hungary in terms of total assets. In 2017 its total assets were 3 041,32 bln HUF. In 2017 the bank's net income was 41 668,30 mln HUF.

Kereskedelmi és Hitelbank Zrt is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Kereskedelmi és Hitelbank Zrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: UniCredit Bank Hungary Zrt

UniCredit is one of the largest European commercial banks. UniCredit is focused on providing financial products and services in Western and Central and Eastern Europe. UniCredit has 4 main business lines: commercial banking (including retail, direct, private and business banking), corporate and investment banking, asset management and asset gathering.

Business Focus
universal banking

UniCredit Bank Hungary Zrt is the 3rd largest bank in Hungary in terms of total assets. In 2017 its total assets were 2 838,89 bln HUF. In 2017 the bank's net income was 48 941,41 mln HUF.

UniCredit Bank Hungary Zrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: Erste Bank

Erste Bank (Hungary) is one of the major banks in Hungary. Erste Bank (Hungary) operates as a universal bank prodiving a broad range of retail, private, corporate and investment banking products and services to private individuals, SMEs and large corporations, municipalities, public sector and NGOs.

Business Focus
universal banking

Erste Bank is the 4th largest bank in Hungary in terms of total assets. In 2017 its total assets were 2 179,03 bln HUF. In 2017 the bank's net income was 83 617,00 mln HUF.

Erste Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade). Erste Bank participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: Raiffeisen Bank Zrt

Raiffeisen Bank is a universal bank, providing retail, private, corporate and investment banking products and services to individuals, companies and institutions.

Business Focus
universal banking

Raiffeisen Bank Zrt is the 5th largest bank in Hungary in terms of total assets. In 2017 its total assets were 2 172,34 bln HUF. In 2017 the bank's net income was 28 545,21 mln HUF.

Raiffeisen Bank Zrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: MKB Bank Nyrt

MKB Bank was initially established in 1950 to provide international payment transactions and perform banking operations related to foreign trade supply. In 1987 MBK Bank obtained a full commercial banking licence and now operates as a universal bank, offering retail and corporate banking products and services to individuals, SMEs and large companies.

Business Focus
universal banking

MKB Bank Nyrt is the 6th largest bank in Hungary in terms of total assets. In 2017 its total assets were 2 062,72 bln HUF. In 2017 the bank's net income was 34 279,00 mln HUF.

MKB Bank Nyrt is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is NR (not rated). Long-term credit rating assigned to the bank by Moody's is B2 (highly speculative). MKB Bank Nyrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: CIB Közép-Európai Nemzetközi Bank Zrt

CIB bank was established in 1979 as as an offshore-like dollar based bank. CIB Bank offers a broad range of retail, corporate and investment banking products and services to individuals, companies, institutions, municipalities, private entrepreneurs. CIB Bank also provides leasing, factoring and insurance products via its affiliates.

Business Focus
universal banking

CIB Közép-Európai Nemzetközi Bank Zrt is the 7th largest bank in Hungary in terms of total assets. In 2017 its total assets were 1 677,76 bln HUF. In 2017 the bank's net income was 22 414,13 mln HUF.

CIB Közép-Európai Nemzetközi Bank Zrt is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). CIB Közép-Európai Nemzetközi Bank Zrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also