The bank, fully licensed in December 1990, began its operations in June 1991 as one of the first joint-venture banks in Hungary. In 2001 BNP Paribas became the sole shareholder of BNP Paribas, Hungary Branch.
The presence of the BNP Paribas Group as a whole in the Hungarian market has been become increasingly visible since then: in addition to the products and services of Magyar Cetelem Bank Zrt. and Cardif, which deal in consumer loans and credit insurance, respectively, the fleet-management services of Arval, the custodian services of BNP Paribas Securities Services, as well as the full property services of BNP Paribas Real Estate are now also available in Hungary.
Combining the experience, the financial strength and extensive network of the BNP Paribas Group as well as the local staff’s expertise, the bank is well qualified to serve large and medium-sized corporate clients. The wide variety of financing and cash management solutions, risk and liquidity management tools offered to our clients provide a competitive advantage to both our customers and to the bank itself. Special attention is paid to co-operation with financial institutions and banks as clients and partners.
Our aim is to encourage our clients to become long-term partners. This we do by adapting the products of our parent bank to their particular needs, constantly developing new and improved products, and by continuously raising the quality of our services.
- To adapt innovative products and services to the Hungarian market by full integration into the BNP Paribas Group and as an organic part of the international network
- To benefit from the strong shareholder background, thus gaining momentum in the Hungarian market when joining the EU
- More than 25 years presence in the market
- An international network experience
- Excellent references
The well-established relationship we have built with our customers as well as the strategy and product offering that has been adapted to the specificities of the Hungarian market coupled with the outstanding financial strength, professional expertise and experience of our shareholder guarantees the long-term success of the BNP Paribas Group in Hungary.