The Hungarian Mortgage Credit Bank ( Hungarian: Magyar Jelzálog-Hitelbank, occasionally referred to simply as "Mortgage Bank") was a significant Hungarian bank, founded in 1869 in Budapest. By 1913 it was the third-largest bank in the country by total assets, behind the Hungarian Commercial Bank of Pest and the First National Savings Bank of Pest. [2]: 219 It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. [3]
In 1881, it received further investment from a group of investors formed by Vienna's Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. The bank was long led by Hungarian statesman Kálmán Széll. [2]: 219
The Mortgage Bank remained among the country's leading banks during the interwar period. [4]: 192 Its chairman and CEO from 1918 to 1925 was Gyula Madarassy-Beck . Its managing director from 1937 to 1944 was Imre Oltványi, who would become governor of the Hungarian National Bank in the imemdiate postwar era.
The Hungarian Mortgage Credit Bank ( Hungarian: Magyar Jelzálog-Hitelbank, occasionally referred to simply as "Mortgage Bank") was a significant Hungarian bank, founded in 1869 in Budapest. By 1913 it was the third-largest bank in the country by total assets, behind the Hungarian Commercial Bank of Pest and the First National Savings Bank of Pest. [2]: 219 It was nationalized in 1947–1949, together with the rest of the Hungarian banking sector. [3]
In 1881, it received further investment from a group of investors formed by Vienna's Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas. The bank was long led by Hungarian statesman Kálmán Széll. [2]: 219
The Mortgage Bank remained among the country's leading banks during the interwar period. [4]: 192 Its chairman and CEO from 1918 to 1925 was Gyula Madarassy-Beck . Its managing director from 1937 to 1944 was Imre Oltványi, who would become governor of the Hungarian National Bank in the imemdiate postwar era.