ERSTE BANK HUNGARY ZRT. is member of the Erste Group; its mother institution is the Erste Group Bank AG - a well-known name on the Central-European banking market with a 190 years history in Austria.
History of the bank
Erste Group entered the
Hungarian market by purchasing the state-owned Mezőbank in 1997. Since its
renaming to Erste Bank Hungary
on 1 October 1998, the bank has provided full-range financial services for its
retail and corporate clients. During its operation the bank has expanded year
after year at a rate that exceeded the market’s average growth, with an
additional boost given by Erste Group purchasing Postabank Rt. from the
Hungarian state and merging the banks in 2004.
Erste Bank Hungary has grown to be the second largest bank in the Hungarian market according to its number of clients and retail loan portfolio size, and the fourth biggest according to its total assets, securing strong positions in the area of investment services and leasing, as well. The financial institution serves nearly 900,000 customers in its nationwide network of 201 branch offices, and owns in addition 410 ATMs. The trade network includes also 27Commercial Centres for SME clients.
With its 8 subsidiaries, Erste Bank Hungary is covering the entire spectrum of financial services and client needs. The positions held by Erste Bank Hungary on the retail market are made even stronger by the strategic cooperation with Magyar Posta (Hungarian Post), a part of which there is an online system in operation in 342 post offices throughout the country.
Erste Bank Hungary wants to remain an innovative player in the Hungarian financial market in 2010, as well by implementing new services and products that focus on customer demands. Business activities will continue to concentrate on services provided for retail customers as well as small and medium enterprises.
| Main data | 2000 | 2009 |
| Number of Branches | 56 | 201 |
| Number of Commercial Centres | 7 | 27 |
| Number of employees | 934 | 3 214 |
| Number of clients | 210 000 | 900 000 |
Subsidiaries of Erste Bank Hungary
Erste Befektetési Zrt. / Erste Investment Hungary
Erste Alapkezelő Zrt ./ Erste Fund Management Hungary
Erste Leasing / Erste Leasing
Erste Nyugdíjpénztár / Erste Pension Fund
Erste Faktor Zrt. / Erste Factor
Erste Ingatlanlízing Zrt. / Erste Property Leasing
Erste Lakáslízing Zrt. / Erste Real Estate Leasing
Immorent Hungary Lízing Zrt./ Immorent Hungary
Leasing Co.
Erste Ingatlan Kft./ Erste Property Ltd.
