The Top 10 Hungarian Banks by Assets

by: David Hunkar

The Top 10 Hungarian banks based on assets as of December 2009 are listed below:

S.No. Bank Assets in Euros (billion) as of Dec, 2009
1 OTP (OTC:OTPBF) 36.2
2 MKB 11.5
3 K&H 11.3
4 Erste Bank (OTCPK:EBKDY) 10.7
5 CIB 10.2
6 Raiffeisen (OTCPK:RAIFF) 8.8
7 Unicredit Bank 4.2
8 Budapest Bank 3.4
9 FHB Mortgage Bank 2
10 Citibank Hungary NA

Source: FT

Foreign banks have invested heavily in Hungarian banks. For example, MKB is majority owned by BayernLB. Raiffeisen is one of the leading Austrian Banks. CIB is majority owned by Intesa SanPaolo of Italy. GE (NYSE:GE) of the U.S. owns a major stake in Budapest Bank. Erste Bank (OTCPK:EBKDY) is another leading bank based in Austria. K&H is majority owned by KBC of Belgium.

Disclosure: No positions