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Our capital markets competence in Hungary

Our capital markets competence in Hungary

In Hungary capital markets clients not only profit from Erste Bank Hungary’s strong position in the capital markets business but also from the competence of Erste Investment Hungary, the most rapidly expanding investment services provider in Hungary.

Erste Group in Hungary

Erste Bank entered the Hungarian market in 1997. At that time it acquired formerly state-owned Mezőbank, which was soon renamed Erste Bank Hungary. Following the acquisition of and merger with Postabank in 2003/04, Erste Bank Hungary has developed into one of the leading retail banks in the country. It serves roughly 0.8 million customers in its nationwide network of 200 branch offices. 

Erste Investment Hungary (EIH) – a 100 % subsidiary – is responsible for capital market business. It cooperates very closely with Erste Bank Hungary. As a fully licensed investment company it offers a comprehensive range of financial products and services to its nearly 150.000 clients. EIH is the leading and most rapidly expanding investment services provider in Hungary. It was the largest trader on the Budapest Stock Exchange’s derivative market in 2007, and has generated the greatest turnover in the prompt equity market segment of the Budapest Stock market for eight consecutive years. 

Capital markets business in Hungary

EIH provides brokerage services to foreign and domestic institutional and corporate clients offering a wide range of financial products including domestic and international equities and fixed income products with a 16 % market share in brokerage. In fixed income trading EIH is one of the top 3 primary dealers. To complete our product range Erste Bank Hungary Corporate Finance Group provides the full range of investment banking advisory services in relation to mergers & acquisitions and capital markets transactions. Institutional and corporate clients not only profit from Erste Bank Hungary’s strong position in the capital markets business but also from its broad knowledge and extensive client orientation.

Market insight Hungary

Being a small and open economy, Hungary has strong relationships with the world market, especially with other European Union countries. FDI inflow has played a pivotal role in the fully international integration. After the economic crisis of 2008-2009, the country is in a relatively better position regarding public finances compared to other European countries, due to the austerity measures already conducted during 2006-2009, but structural reforms are still to be made. The Hungarian fixed income market has been providing generous yields but the currency is vulnerable during sell-offs on emerging markets because of relatively high exposure of foreign institutional investors in Hungarian securities.

Mihály Geiszbühl

Head of Treasury

Erste Bank Hungary
Nėpfürdő Str. 24-26.
1138 Budapest
Tel.: +36 1237 – 8201

Róbert Cselovszki

Chief Executive Officer (CEO)

Erste Investment AG
Nėpfürdő Str. 24-26.
1138 Budapest
Tel.: +36 1235 – 5102


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