Raiffeisen Bank Hungary

Raiffeisen Bank Hungary, legally Raiffeisen Bank Zrt., is a Hungarian banking institution and a subsidiary of Raiffeisen Bank International AG (RBI). The supplied Hungarian-language Wikipedia excerpt describes it as an Austrian-owned bank and a significant provider of universal financial services in Hungary. Its corporate predecessor, Unicbank, was established in 1986; the institution later adopted the Raiffeisen name and began its retail banking business in 1999. The supplied excerpt identifies Raiffeisen-RBHU Holding GmbH as the vehicle through which the shares are currently held. The bank's official Hungarian website presents a broad range of financial services for everyday and longer-term needs. Its listed offerings include bank accounts, debit and credit cards, personal and mortgage loans, housing-related and supported loan programmes, deposits, investments and securities, treasury services, insurance, and digital and online banking. The site also promotes account opening through its app. These materials establish a Hungarian-market retail offering; the supplied sources do not specify the bank's current geographic reach outside Hungary. The company serves more than individual customers. The supplied Hungarian Wikipedia excerpt says it has developed products and services for small and medium-sized enterprises, large companies, municipal partners, condominiums and nonprofit organizations. It places the bank within the wider Raiffeisen group, while describing RBI as an important universal bank in Central and Eastern Europe and in Austria's corporate and investment banking sector. No current executive names, exact headquarters, or separate listing information for the Hungarian entity are established by the supplied evidence.

The supplied Hungarian-language account traces the institution's origins to Unicbank, the corporate predecessor founded on 10 December 1986 with capital of one billion forints and participation by Hungarian owners and three international financial institutions. Unicbank began operations on 1 January 1987, the date Hungary introduced its two-tier banking system, with a staff of 36. The excerpt does not identify individual founders. The bank expanded its branch presence during the 1990s. It opened a first branch in Szeged in 1992, followed by a second in Győr in 1993 and a third in Pécs in 1994. In 1995 it added branches in Debrecen, Miskolc, Székesfehérvár and Zalaegerszeg. Ownership also shifted toward the Austrian Raiffeisen group: in 1994 the group acquired the stakes of IFC and DG Bank, each described as holding 15%, and the 6% stake of Ipari Szövetkezeti Holding, in addition to buying the Hungarian shareholders' 49% shareholding. The excerpt says the group held 95% of the shares by 1995 after further purchases. On 1 January 1997, Unicbank changed its name to Raiffeisen Unicbank. On 18 January 1999, alongside the launch of its retail banking business, it became Raiffeisen Bank. The institution is now described in the supplied material as Raiffeisen Bank Zrt., a subsidiary of Raiffeisen Bank International AG. The Hungarian Wikipedia excerpt states that Raiffeisen Zentralbank obtained 100% of the shares in 2004 and that they are currently held through Raiffeisen-RBHU Holding GmbH. The supplied history also records an operational restructuring announced in 2015. At the beginning of that year, the bank had 112 branches and 2,530 employees; according to a bank announcement cited in the excerpt, it planned to reduce staffing to 2,200 and the branch count to 67 by 2016. These are historical figures and a reported plan, not a statement of current staffing or branch numbers. Beyond commercial banking, the excerpt describes social and cultural activities. In autumn 2008 the bank established the Raiffeisen Közösen programme to bring together its corporate social responsibility work, including support for children in difficult circumstances and related welfare and meal programmes. It joined the Pénziránytű Foundation's “Mindennapi Pénzügyeink” programme in 2011. The bank founded a collection of contemporary Hungarian visual art in 2000 and organized exhibitions at its gallery from 2001; the Raiffeisen Gallery closed at the end of 2015. The supplied sources do not establish further recent milestones or current leadership.

• 2015

  Branch and workforce reduction plan reported

• 2011

  Joins financial education programme

• 2008

  Raiffeisen Közösen CSR programme established

• 2004

  Raiffeisen Zentralbank obtains full ownership

• 2001

  Gallery exhibitions begin

• 2000

  Contemporary Hungarian art collection founded

• 1999

  Retail banking launches; bank becomes Raiffeisen Bank

• 1997

  Renamed Raiffeisen Unicbank

• 1995

  Branch expansion and majority ownership

• 1994

  Raiffeisen group increases its ownership

• 1992

  First branch opens in Szeged

• 1987

  Operations begin

• 1986

  Unicbank founded

A Hungarian universal bank within the Raiffeisen Bank International group, offering retail banking alongside services for businesses, municipalities, condominiums and nonprofit organizations.

• Bank accounts and payment cards

  The official site lists bank accounts, debit cards and credit cards for personal banking.

• Loans

  The official site lists personal loans, mortgage loans, overdrafts, housing loans and supported loan programmes.

• Savings and investments

  The official site lists deposits, savings, investments and securities.

• Treasury and insurance services

  Treasury services and insurance are included in the official site's service categories.

• Digital and online banking

  The official site presents online banking and digital solutions, including account opening through the app.

• 2015

  Announced planned branch and staffing reductionsOther

1. 1Főoldal - Raiffeisen BANKraiffeisen.hu
2. 2Raiffeisen Bank (Magyarország)hu.wikipedia.org
3. 3Raiffeisen Bank Hungarywikidata.org