Company Information

Get to know Takarékbank

Takarékbank Zrt. had a long history rooted in Hungary's cooperative credit institution sector, dating back to the 1950s. Over the decades, it evolved into one of the country's largest financial institutions, with a significant nationwide branch and ATM network, particularly strong in rural areas. The bank focused on providing universal banking services to retail customers, small and medium-sized enterprises (SMEs), and agricultural clients. In a landmark consolidation of the Hungarian banking sector, Takarékbank, along with Budapest Bank and MKB Bank, merged under the umbrella of Magyar Bankholding. The final legal merger took place on April 30, 2023, creating MBH Bank, a new Hungarian-owned financial superbank.

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Takarékbank

Hungary

Founded in

1989 (37 Years)

Founded

Last online: No recent activity

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2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.