Two Hungarian banks are merging: look out if you have an account with them!

MKB Bank Budapest
Photo: Wikimedia Commons / Globetrotter19

The legal merger of MKB Bank Nyrt. and Takarékbank Zrt. will be completed over the long weekend of 1 May. The merging process has been going on for almost three years. The merger of the two banks aims to create the second largest Hungarian-owned financial institution in Hungary.

The new bank operating under the unified MBH Bank brand from 1 May will observe full and partial bank holidays between 27 April (Thursday) and 2 May (Tuesday). These will take place in order to allow for the smooth technical and IT changeover due to the merger, napi.hu reports.

In order to maintain smooth administration, the Group provides up-to-date information on the most important issues affecting customers. Detailed information on the changeover weekend has been sent to customers by e-mail and is available on the member banks’ electronic channels and websites.

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