TakarékBank (lit. 'Savings Bank') was a banking and financial services corporation in Hungary and the central institution for more than 60 co-operative banks and their 1,100 branch offices. In 2023, it merged with MKB Bank to form MBH Bank.[1]
Overview
Since its inception in 1989, TakarékBank functioned both as a central institution and as a corporate and investment bank.[2][3][4] The bank headquartered in Budapest, and as a holding, the Takarék Group defined 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.