Private company

Hungarian Discount and Exchange Bank

Former Budapest-headquartered bank

The Hungarian Discount and Exchange Bank (Hungarian: Magyar Leszámítoló és Pénzváltó Bank, MLPB, occasionally referred to simply as "Discount Bank") was a significant Hungarian bank, established in Budapest in 1869. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector.2 It ceased to exist in 1948.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1869Founded1
Palazzo Dorottya
Photo: Bujnovszky Tamás, CC BY-SA 4.0, via Wikimedia Commons3

The Hungarian Discount and Exchange Bank (Hungarian: Magyar Leszámítoló és Pénzváltó Bank, MLPB, occasionally referred to simply as "Discount Bank") was a significant Hungarian bank, established in Budapest in 1869. It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector.2

Timeline

  1. 1948Dissolved Dissolved1
  2. 1869Founded Founded1

Sources

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