Address: Rakoczi ut 1-3, East-West Business Center, Budapest, H-1088, Hungary
Telephone: +36-40-200-515
Fax: +36-1-266-6815
Email: level@bancopopolare.hu
Website: http://www.bancopopolare.hu
SWIFT: INCNHUHB

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Description:

Banco Popolare Hungary was founded through the acquisition of IC Bank in May 2007. The bank is a wholly-owned member of the Banco Popolare Group.

Banco Popolare is Italy's third largest bank group, with more than 21,000 employees, catering for nearly 3 million customers through a network of 2,200 branches. The specialised companies affiliated with the Banco Popolare Group promote and assist consumer lending, transacting individual banking business, and asset and investment management. The acquisitions made in Central and Eastern Europe, in the course of which Banco Popolare Croatia, Banco Popolare Ceská Republika, and Banco Popolare Hungary Zrt were established, also show the Group's intentions to expand in the region.

As a part of a strategic view to expand its activities in Central and Eastern Europe, Banco Popolare has recently purchased some local banks lately denominated Banco Popolare Croatia, Banco Popolare Ceská Republika and Banco Popolare Hungary.

The Banco Popolare Group seeks to create stable and lasting value in Hungary. In line with its parent company's philosophy, Banco Popolare Hungary aims to adopt and implement the "Bank created by people for people" principle, also in its day-to-day operations.

Electronic Package is prepared for enterprises using electronic means for regular transactions and commumication with the Bank. By applying this CA package you enjoy attractive transaction fees at a lower monthly charge and the convenience ensured by online banking.

Minimum Package aims at providing a cost saving service for small enterprises having limited number of transactions. Within this package we accept paper-based instructions from the clients only.

They recommend their Classic account package to those customers, who like to know their banking costs in advance. With this account package, their customers can manage their banking transactions for a permanent, low account keeping base fee of only 199 HUF / month, irrespective of the monthly number of transactions.

They commend their Variabile account package to the attention of those customers, who make 6, or less transactions from their account in a month, as the account keeping base fee of this package is 0 HUF!

Main Activities:

• Banco Popolare is a universal commercial banks offering an ever-widening range of products and services to households, SMEs and large corporate customers. The bank provides a full range of high-quality financial services tailor made to individual needs in forints and foreign currency. Services include term deposits, account management, transfers, currency exchange, loans, guarantees, discounting of bills of exchange and clean and documentary collection services. The bank is active in the interbank money and government securities markets.

Strategy Future Plans:

• The banks plans to build a network of 20 to 25 branches nationwide over the next few years. In line with its shareholder's and management's strategy, the banks seeks to grow into a medium-sized bank in Hungary, catering for a selected range of customers seeking personal attention and flexible administration.
• Plans include the expansion of lending services and the introduction of complex savings facilities and investment and private banking services in 2008.

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