Who are we?

BankszövetségThe Hungarian Banking Association is the professional advocacy association of the Hungarian banking sector, coordinating and representing the views of the banking community. The Association establishes committees and working groups involving professionals from member banks to develop common positions.

The Association's activities include

  • representing the banking sector's interests,
  • technical consultations
  • participating in the drafting of legislation
  • cooperating with fellow professional associations and NGOs
  • operating technical committees and working groups
  • operating an Ethics Committee
  • coordination and technical consultations during the drafting of government decisions
  • participating in the decision-making processes of the European Banking Federation (EBF)
  • implementing the EBF's positions
Who should I turn to if I have other questions about banks?

Information

On 11 November 2021, six organisations signed a co-operation agreement to further develop the financial and entrepreneurial skills of students as part of the MONEY WEEK theme week organised in the 2021/2022 academic year. Co-operating parties include the Ministry of Human Capacities as the owner of the project, the Ministry of Innovation and Technology, the Ministry of Finance, the Hungarian Banking Association, the Pénziránytű (Money Compass) Foundation and the Junior Achievement Hungary Foundation. MONEY WEEK, the event series aimed at developing financial and entrepreneurial awareness through interactive tools will be organised for the eighth time between 7-11 March next year. Since the launch of the programme, it has been part of the European Money Week initiative, which takes place simultaneously in some 30 countries. In Hungary, 171 500 students from more than 1 100 schools participated in the programme in the previous academic year. In recognition of the outstan...

In addition to discussing rapidly developing bilateral economic relations, representatives of the two countries' financial sectors also talked in detail about the effects of their co-operation on further rapprochement between the Balkans and the European Union in the two-day meeting series.

First of all, bank CEOs reviewed current financial matters, including, in particular, the financial challenges posed by the restarting of the economy in the wake of the COVID pandemic. They listened to a report on the results of Hungarian family support schemes, and compared the responses of the two countries’ banking sectors to sustainability and digital challenges.

The meeting held with the Chief Executives of companies that play a key role in bilateral economic affairs was focused on export/import issues, as well as on opportunities for mutual capital investments and the funding of various economic co-operation programmes. At a separate meeting held with the Vice ...

Information issued about the cessation of OBA's compensation obligation subject to a peremptory term. As of 26 December 2020, the concept of 'peremptory term' was added to the Financial Institutions Act, which stipulates that a person entitled to compensation may not demand the payment of compensation from OBA following a term of 5 years calculated from the day succeeding the date of the expiry of the compensation deadline.

In addition to the 11 organiser banks from Hungary, government leaders and other sponsoring banks also joined the blood donation events of the JÓTETT Bank programme series launched by the Hungarian Banking Association and elevated to a nation-wide event this year. On the closing day of Banking Blood Donor Week, employees and invited guests donated blood at the head office of Budapest Bank and the Service Centre in Békéscsaba, among other venues. More than 2 100 units of blood were collected during the week-long programme. The purpose of the event is to draw attention to the fact that, despite the pandemic, it is extremely important to have sufficient blood supplies, as blood products are essential not only in the case of accidents or surgeries, but also for the treatment of various illnesses.

 

This year, Hungarian financial institutions will draw attention to the importance of social responsibility programmes once again at the Banking Blood Donors’ Week by participating in a joint blood donation event. The Hungarian Banking Association and the Hungarian banking sector launched a joint CSR program called JÓTETT Bank one year ago. During Banking Blood Donors’ Week, financial institutions help save lives. The idea is that the CEOs and staff of financial institutions should contribute to blood stocks by donating their own blood, thus supporting a continuous supply to those who need it.

The crisis caused by the pandemic has not only transformed the operation of the economy and society, but has also affected the social responsibility programmes of banks. Although relative to 2019, the number of bank volunteers and volunteer programmes may have declined, and thus fewer social projects and events could have been implemented with the support of banks, ...

The Board of the Hungarian Banking Association has decided to publish the following announcement concerning the extension of the loan repayment moratorium and the settlement of interest for credit cards and overdraft facilities.

The Hungarian banking sector supports the repeated extension of the moratorium subject to the introduction of the principle of “need”, accepting that this will impose a significant additional financial burden on banks. Aiming to supporting a rapid economic recovery that is also noticeable at the level of society, we agree that the extension of the moratorium should not apply to the entire customer base. The Hungarian Banking Association's recommendation remains that whoever is able to do so, should continue or start repaying their loans. Being under the moratorium means a deferral of payments, and any outstanding debt must be paid after the end of the moratorium. Starting loan repayments as late as possible will increase the financi...