MagNet Bank
| Formerly | HBW Express Takarékszövetkezet |
|---|---|
| Type | Public |
| Industry | Financial Services |
| Founded | 7 November 1995 |
| Headquarters | Budapest, Hungary |
Key people | Fáy Zsolt (CEO), Attila Rostás, János Salamon |
| Products | Banking and insurance |
| Ft 1.421 billion (2019) | |
| Total assets | Ft 163.165 billion (2019) |
| Total equity | Ft 14.74 billion (2019) |
| Website | www.netbank.hu |
MagNet Bank (Hungarian: MagNet Magyar Közösségi Bank Zrt., lit. 'MagNet Hungarian Community Bank'), known as the HBW Express Savings Co-operative (Hungarian: HBW Express Takarékszövetkezet) until 2010, is the only community bank in Hungary that practises ethical banking. It is owned by Hungarian citizens.
MagNet Bank has a network of 12 branches along its center in the capital Budapest. It offers the following financial products: retail, loan, term deposits, community banking products, online banking, debit cards, insurance.
Since 2013 September the MagNet Bank standardised the debit MasterCard. The bank has ATMs at each branch.
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Categories:
- Banks of Hungary
- Banks established in 1995