MKB Bank Zrt. provides various banking services to individuals, and small and medium businesses in Hungary. It offers current accounts, credit cards, mortgages, loans, deposits, and savings. The company also provides business cards; payment services, such as cash pool, documentary transactions, transfers, issue of letters of credit, collections, and guarantees; discounting of bills and letters of credit; and teller, bulk cash, and safe services. In addition, MKB Bank offers money market and risk-management products and services; and export and domestic factoring.
Further, it provides vehicle leasing and fleet management, project and structured finance, project and commercial real estate finance, cross-border finance, and state subsidized lending products. The company’s products and services also include MKB EU program, securities accounts and trading, investment funds, portfolio management and custody services, MKB pension fund, MKB health care fund, acquisition finance, property trading and management, and real estate valuation and assessment.
As of December 31, 2006, MKB Bank operated a network of 67 branches. The company, formerly known as Magyar Kulkereskedelmi Bank, was founded in 1950 and is headquartered in Budapest, Hungary.