Guide to Banks in Hungary

Check the financial reputation for Hungary banking institutions

Before you invest your money into commercial banking in Hungary, look at the financial reputation. Financial reports tell you which banks perform better, which decreased in total assets and which Hungary banks experienced an increase in total assets. By analyzing trends, you can find banks offering a higher return for your investment.

I recommend: Erste Bank offers financial records and key performance indictors based on International Financial Reporting Standards (IFRS). K&H Bank, one of the largest banks in Hungary, provides information on activity, shareholders and management.  

Look for business banking in Hungary

Like American banks, many Hungary banks offer service for individuals and businesses. Hungary commercial banks often offer services depending on the size of your business. Typically banks provide services for more than one size business.

I recommend: OTP Bank offers corporate banking for medium- to large-sized businesses, including services like online banking. MKB Bank Zrt. offers banking services like HUF and FX account, deposits and loans for small- and medium-sized businesses.

Take advantage of Hungary banks with foreign trade financing

Many banks in Hungary offer services comparable to those found in US banks. Foreign trade financing can include financing purchases or establishing credit in a foreign country.

I recommend: New York hosts a branch for Commerzbank AG, a commercial bank in Hungary with international branches, offers foreign trade financing for the purchase of HERMES-covered receivables, buyer credit and forfaiting.  Calyon provides structured financing, capital markets and investment banking.