The plan that has been rumoured since 2013 will come to fruition when three market-leading Hungarian banks will merge into a single holding company, creating a new superbank.
The current largest Hungarian bank is OTP, led by Sándor Csányi for decades now.
The first merged bank, which will be established on March 31, 2022, will temporarily operate under the name MKB Bank.
With the merger of the three financial institutions in 2023, Hungary’s second-largest commercial bank will be established.