MagNet Bank

MagNet Bank
FormerlyHBW Express Takarékszövetkezet
Company type
Public
IndustryFinancial services
Founded7 November 1995
HeadquartersBudapest, Hungary
Key people
Fáy Zsolt (CEO), Attila Rostás, János Salamon
ProductsBanking and insurance
Ft 1.421 billion (2019)
Total assetsFt 163.165 billion (2019)
Total equityFt 14.74 billion (2019)
Websitewww.netbank.hu
A bank building in Budapest

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. Its financial products are retail, loan, term deposits, community banking products, online banking, debit cards and insurance.

Since September 2013, the MagNet Bank standardised the debit MasterCard. It has automated teller machine, at each branch.

See also

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