Budapest Bank
Budapest Bank was a Hungarian commercial bank founded in 1987, serving retail, corporate, agricultural, municipal, church, and private banking clients across Hungary through branches, ATMs, online/mobile banking, and telephone/video channels. It merged into MBH Bank on 1 May 2023 as part of the Magyar Bankholding consolidation.
- Company typePrivate
- Founded1987
- HeadquartersBudapest, Hungary
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Budapest Bank does
Budapest Bank was a Hungarian commercial bank founded in 1987, headquartered in Budapest, and serving retail, corporate, agricultural, municipal, church, and private banking customers exclusively within Hungary. The bank operated a multi-channel distribution model comprising physical branches, an ATM network, internet banking (BB Netbank, later MBH Netbank), a mobile banking application (MBH Bank App), 24/7 telephone banking (Telebank), and a Videobank video-calling service, supplemented by an SMS notification service (MBH Info) for transaction alerts and 3DS authentication. Core technology infrastructure included integrations with Apple Pay, Google Pay, and Hungary's DÁP government SSO platform.
Revenue was generated through traditional banking mechanics: net interest income on home loans, personal loans, working capital financing, and mortgages; transaction and account maintenance fees; deposit-taking and investment products including government securities and investment funds; and bancassurance commission income from travel, life, home, and credit protection insurance. The bank's GTM motion relied on its branch network for in-person retail and corporate sales, with telebank and videobank serving as remote advisory channels. The retail (Lakossági) segment was flagged as primary, with corporate, agricultural, municipal, church, and private banking as secondary units.
Budapest Bank was merged with MKB Bank Nyrt. and Takarékbank Zrt. on 1 May 2023 to form MBH Bank Nyrt. under the Magyar Bankholding consolidation, creating one of Hungary's largest banking groups. Post-merger integration included migration of Budapest Bank corporate clients to the MKB IT system in September–October 2023, consolidation of digital channels under the MBH brand, and a series of operational disruptions (Netbank outages, Apple Pay duplicate transaction incidents) that drew MNB regulatory attention. Budapest Bank's independent operating status is now recorded as "acquired."
Budapest Bank firmographics
Firmographics- Name
- Budapest Bank
- Legal name
- Budapest Bank
- Website
- https://budapestbank.hu
- Company type
- Private
- Founded year
- 1987
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- Budapest Bank was a Hungarian commercial bank founded in 1987, serving retail, corporate, agricultural, municipal, church, and private banking clients across Hungary through branches, ATMs, online/mobile banking, and telephone/video channels. It merged into MBH Bank on 1 May 2023 as part of the Magyar Bankholding consolidation.
- Ownership category
- akta.pro rank
Budapest Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- Commercial Banks, Nec (6029), State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industry
- Student & Youth Banking (FSABAAAH)
Keywords
Where Budapest Bank is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
Budapest Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Interest Income: Traditional banking revenue from interest margins on loans, mortgages, and credit products including home loans, personal loans, and working capital financing.
- Fee and Commission Income: Transaction fees, account maintenance fees, card fees, and commission income from various banking services.
- Deposit Taking and Savings Products: Retail and corporate deposit accounts, savings deposits, time deposits, and investment products including government securities and investment funds.
- Insurance Distribution: Bancassurance products including travel insurance, life insurance, home insurance, and credit protection insurance.
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Budapest Bank product offering
Product offeringCore offering
Budapest Bank is a Hungarian commercial bank founded in 1987 that provided a full range of retail and corporate banking products to customers in Hungary, including current and savings accounts, deposits, loans, insurance, cards, and dedicated services for farmers, small businesses, corporate clients, and government/church institutions. As of March 31, 2023, Budapest Bank merged with MKB Bank and Takarékbank to form MBH Bank, which continues operations under the publicly listed MBH Bank brand.
Product overview
MBH Bank operates a comprehensive digital banking platform with multiple integrated channels: MBH Netbank (online banking with variants for ex-BB, ex-MKB, and ex-Takarék customers), MBH Bank App (mobile banking with biometric authentication), MBH Direct Bank and MBH Vállalati Netbank/App (corporate banking solutions), and MBH Info (transaction notifications). These core platforms support account management, payments, lending, and investment services. The bank also provides human-assisted channels including Videobank (video consultations), Telebank (24/7 phone support), and branch/ATM network. Supporting services include MBH Szép Kártya (cafeteria cards), various loan products (MBH Otthon Start home loans), deposit products (MBH Akciós 3-month deposit), and account packages (MBH Tripla, Fix Nulla, Diák). The bank was formed in May 2023 through the merger of MKB Bank, Takarékbank, and Budapest Bank, with ongoing system integrations and migrations.
Differentiator
Problem solved
Functional benefit
Products and services
- Netbank (Online Banking)
- Mobile Banking App
- Videobank
- Telebank (Telephone Banking)
- ATM Services
- Current Accounts and Savings Accounts
- Loans and Lending Products
- Deposits and Term Investments Term deposit products and investment accounts allowing customers to earn interest over fixed periods.
- Insurance Products
- Agricultural Banking Services
- Small Business and Corporate Banking Services
- Institutional Banking for Government and Church Clients
Companies that use Budapest Bank
Customer profileSegments6 records
Ideal customer profiles5 records
Budapest Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature5 records
Budapest Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MBH Bank (formed by merger of MKB Bank, Takarékbank, and Budapest Bank)coreBudapest Bank was merged with MKB Bank Nyrt. and Takarékbank Zrt. to form MBH Bank Nyrt. on May 1, 2023. The merger created one of Hungary's largest banking groups. The consolidation process included migration of Budapest Bank's corporate customer portfolio from the Budapest Bank IT system to the MKB Bank IT system, completed in September-October 2023.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Budapest Bank competitors and assessment
Company assessmentDirect peers
- Raiffeisen Bank Hungary: Hungarian subsidiary of Raiffeisen Bank International offering universal banking services; comparable retail and corporate banking franchise with similar regulatory and product positioning.
- OTP Bank: Hungary's largest universal bank and the dominant retail and corporate banking franchise; directly comparable to Budapest Bank across retail, corporate, mortgage, and digital banking lines.
- Erste Bank Hungary: Hungarian arm of Austrian Erste Group providing retail, SME, and corporate banking; competes directly with Budapest Bank in branch network and product breadth across Hungary.
- UniCredit Bank Hungary: Hungarian operation of UniCredit Group offering retail, corporate, and investment banking; directly comparable in scale, channel mix, and target segments to Budapest Bank pre-merger.
- CIB Bank: Hungarian subsidiary of Italy's Intesa Sanpaolo providing retail, corporate, and private banking; comparable universal banking model with branch and digital channels mirroring Budapest Bank's offering.
- Takarékbank: Cooperative-rooted Hungarian bank merged into MBH Bank alongside Budapest Bank; historically a parallel full-service retail and agricultural banking franchise with comparable channel and product mix.
- K&H Bank: Hungarian subsidiary of Belgium's KBC Group offering retail, corporate, and digital banking; one of Hungary's largest universal banks with comparable branch and digital footprint to Budapest Bank.
- MBH Bank: Successor entity formed by the May 2023 merger of MKB Bank, Takarékbank, and Budapest Bank; now the second-largest banking group in Hungary and the direct corporate successor carrying forward Budapest Bank's customer franchise.
- MKB Bank: Pre-merger sister bank also absorbed into MBH Bank in 2023; historically operated comparable retail, corporate, and private banking lines in Hungary with overlapping customer profiles to Budapest Bank.
Others
- Magyar Bankholding: Hungarian bank holding entity that orchestrated the 2023 three-way merger creating MBH Bank; relevant as the consolidating parent and indirect peer for governance and strategy benchmarking.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Budapest Bank social profiles
Digital presenceBudapest Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Budapest Bank leadership team
Management profileNumber of profiles
Budapest Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Budapest Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Budapest Bank
What does Budapest Bank do?
Budapest Bank is a Hungarian commercial bank founded in 1987 that provided a full range of retail and corporate banking products to customers in Hungary, including current and savings accounts, deposits, loans, insurance, cards, and dedicated services for farmers, small businesses, corporate clients, and government/church institutions. As of March 31, 2023, Budapest Bank merged with MKB Bank and Takarékbank to form MBH Bank, which continues operations under the publicly listed MBH Bank brand.
Is Budapest Bank a public or private company?
Budapest Bank is a private company. It is classified as public and is currently acquired.
When was Budapest Bank founded?
Budapest Bank was founded in 1987. It employs 1,001 to 5,000 people.
Where is Budapest Bank based?
Budapest Bank is headquartered in Budapest, Hungary, in the Europe region.
How does Budapest Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are fee and Commission Income, deposit Taking and Savings Products and insurance Distribution.
Who are Budapest Bank's main competitors?
Direct peers on record are Raiffeisen Bank Hungary, OTP Bank, Erste Bank Hungary, UniCredit Bank Hungary, CIB Bank, Takarékbank, K&H Bank, MBH Bank and MKB Bank. Magyar Bankholding is listed as an others.
Does Budapest Bank have an API?
Yes. MBH OpenAPI (previously BB OpenAPI) - mentioned in context of system maintenance and connectivity for partner integrations. The API service was undergoing maintenance in November 2023.
What industry is Budapest Bank in?
Budapest Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABAAAH, Student & Youth Banking. Its NAICS code is 522110 and its SIC code is 6029.