Hungary - Banking SystemsHungary - Banking System
The Hungarian banking system is a two-tiered banking system, with the National Bank of Hungary (Magyar Nemzeti Bank – MNB) occupying the first level. MNB’s main aim is to reach and maintain price stability. The Central Bank’s rights and duties include forming and implementing the country’s monetary policy, managing the production and distribution of the Forint, and managing the accounts of commercial banks.
Unlike the Federal Reserve, the MNB is only allowed to contribute to the government’s economic goals if the measures don’t pose a threat to price stability. On the second level are the credit institutions - including banks, credit unions and saving cooperatives. They collect deposits and offer further financial services for Hungarian citizens and businesses. Please see above for a list of the major commercial banks in Hungary.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Unlike the Federal Reserve, the MNB is only allowed to contribute to the government’s economic goals if the measures don’t pose a threat to price stability. On the second level are the credit institutions - including banks, credit unions and saving cooperatives. They collect deposits and offer further financial services for Hungarian citizens and businesses. Please see above for a list of the major commercial banks in Hungary.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.