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5th Annual Bancassurance Forum 2012

Annual APAC Collateral Management Forum

Briefly

January 19, 2012 Bank of America reports fourth quarter 2011 net income of $2 billion, compared with net loss of $1.2 billion in fourth quarter 2010.

January 18, 2012 Goldman Sachs reports net revenues of $28.81 billion and net earnings of $4.44 billion for the year ended December 31, 2011.

January 5, 2012 ZKB, the largest cantonal bank in Switzerland, told US customers it was closing their accounts.

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Directory of Banks and Finance companies

Country: Hungary | Total: 5 | Sort: by alphabet

1

Budapest Bank Nyrt. offers comprehensive financial services to individual and business customers. GE Capital, the financial arm of GE (General Electric Company), first acquired a stake in Budapest Bank in 1995 through the acquisition of bank shares jointly held by the Hungarian government, state-owned companies and cooperatives. Currently, GE Capital holds a stake of 99.73% in Budapest Bank.

2

Erste Bank Hungary is a member of the Erste Group (Austria). The bank offers full-range financial services for its retail and corporate clients. The retail network of the bank consists of 201 branches and 27 commercial centers.

3

The Hungarian Development Bank (MFB) is a state-owned specialized financial institution functioning as a development bank in the classical sense of the word, dealing with the allocation of public and market resources for development purposes. The Bank's strategy is primarily defined by its role in the attainment of government development objectives, and it operates with a view to advancing Hungary's economic convergence with the most developed countries by providing medium- and long-term development loans and development capital.

4

Magyar Nemzeti Bank (Hungarian National Bank) is the central bank of Hungary. The principal aim of the bank is to retain price stability. It is also responsible for issuing the national currency, the forint, controlling the cash circulation, setting the Central Bank base rate, publishing official exchange rates and managing the national reserves of foreign currency and gold to influence exchange rates. It controls the country's monetary policy.

5

OTP Bank is the biggest commercial bank in Hungary, operating in Central and Eastern Europe. The bank operates over 1000 branches, and serves over 10 million customers in 8 countries. OTP Bank as a universally authorized commercial bank undertakes keep an account and manage transactions for various business organizations, private entrepreneurs and for public organizations, owner occupied blocks, home co-operatives and other organizations.



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