MagNet Bank | |
Former Name: | HBW Express Takarékszövetkezet |
Type: | Public |
Foundation: | 7 November 1995 |
Location: | Budapest, Hungary |
Key People: | Fáy Zsolt (CEO), Attila Rostás, János Salamon |
Industry: | Financial services |
Products: | Banking and insurance |
Net Income: | Ft 1.421 billion |
Net Income Year: | 2019 |
Assets: | Ft 163.165 billion |
Assets Year: | 2019 |
Equity: | Ft 14.74 billion |
Equity Year: | 2019 |
Homepage: | www.netbank.hu |
MagNet Bank, known as the HBW Express Savings Co-operative 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.