Private company

MagNet Bank

Community bank in Hungary

MagNet Bank (Hungarian: MagNet Magyar Közösségi Bank Zrt., lit. 'MagNet Hungarian Community Bank'), known as the HBW Express Savings Co-operative (Hungarian: HBW Express Takarékszövetkezet) until 2010, is the only community bank in Hungary that practises ethical banking. It is owned by Hungarian citizens.2 It is headquartered in Budapest.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1995Founded1
  • Industryfinancial services1
  • HeadquartersBudapest1
  • Websitewww.netbank.hu/en
  • Legal formprivate company limited by shares1
Ház (724. számú műemlék) 6
Photo: redoctober, CC BY-SA 2.5 hu, via Wikimedia Commons3

MagNet Bank (Hungarian: MagNet Magyar Közösségi Bank Zrt., lit. 'MagNet Hungarian Community Bank'), known as the HBW Express Savings Co-operative (Hungarian: HBW Express Takarékszövetkezet) until 2010, is the only community bank in Hungary that practises ethical banking. It is owned by Hungarian citizens.2

Timeline

  1. 1995Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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