Budapest Bank Services and Performance Analysis

Budapest Bank offers a range of deposit accounts tailored to individual needs, including a basic savings account with no fees and a high-yield savings account for those looking to grow their savings.

The bank's online banking platform allows for easy management of accounts, including transferring funds, paying bills, and viewing account statements. This convenience is particularly useful for those who prefer to manage their finances remotely.

Budapest Bank has implemented robust security measures to protect customer data, including two-factor authentication and encryption. This ensures that customers' sensitive information remains safe.

The bank's customer support team is available to assist with any questions or concerns, providing a helpful resource for customers.

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Budapest Bank, like many financial institutions, uses the International Bank Account Number (IBAN) system to facilitate international transactions. The IBAN is a 28-digit code that identifies the country, bank, and account number.

The bank's customers can use the IBAN to receive payments from abroad, and it's also used for domestic transfers. It's a standard system used in many countries, including Hungary, where Budapest Bank is based.

For business purposes, Budapest Bank uses the North American Industry Classification System (NAICS) and Standard Industrial Classification (SIC) codes to categorize its corporate clients. These codes help the bank understand its customers' industries and provide tailored services.

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The IBAN code for Hungary is a 28-character code that includes a 2-letter country code, a 2-digit check number, and other specific details about the bank and account.

The country code for Hungary is HU. If you're trying to find your IBAN number for Budapest Bank Rt., you can either work out the code based on an example or log into your online banking or check your bank statement.

The IBAN code for Budapest Bank Rt. in Hungary has a specific format that includes the bank code, branch code, and account number. The bank code for Budapest Bank Rt. is 117.

Here's a breakdown of the IBAN code format for Budapest Bank Rt. in Hungary:

If you don't use the right IBAN number, your payment might be returned or sent to the wrong account.

So you're wondering what the NAICS code is? The NAICS code, or North American Industry Classification System code, is a six-digit number that categorizes businesses by their industry. It's like a label that helps identify what kind of business you have.

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The NAICS code is used for statistical purposes and to classify businesses for government purposes. For example, Budapest Bank Zrt. has a NAICS code of 522110, which specifically categorizes it as a commercial banking industry.

You can have multiple NAICS codes for your business, just like Budapest Bank Zrt. has codes 522, 52, 522110, 5221, and 52211. These codes are used to provide more detailed information about your business.

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Budapest Bank Zrt. has a specific SIC code, which is [60, 602].

These codes are used to identify the bank's primary and secondary activities.

The SIC code for Budapest Bank Zrt. is a unique identifier that helps with financial transactions and data analysis.

It's essential to use the correct SIC code when working with financial data to avoid errors and discrepancies.

Budapest Bank has had its ratings and outlook upgraded by Moody's, a notable credit rating agency.

This upgrade is a positive sign for the bank's performance and financial health.

Moody's specifically took rating actions on two Hungarian banks, including Budapest Bank, with upgrades to some ratings and outlook.

BB's net interest margin fell 7.70% to 3.85% in 2017. This decline is a notable drop from the previous year's margin of 4.18%.

Budapest Bank's net interest margin is a key indicator of its profitability, and a decrease in this metric can have significant implications for the bank's bottom line.

Historically, BB's net interest margin has been a crucial factor in its overall performance, and its decline in 2017 is a trend worth watching.

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Budapest Bank's profit dropped by a significant 30% in the first half of 2019. This decline in profit is a notable change from the bank's overall trend.

Budapest Bank has been growing its revenues and assets over the past three years, with average annual growth rates of -0.912% and 4.91% respectively. The bank's loans and deposits have also seen steady growth, increasing by 4.88% and 5.91% per year on average during that time.

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The bank's operating efficiency has been a mixed bag, with a cost-to-income ratio of 66.5% in 2017, slightly lower than the three-year average of 68.3%. Equity made up 13.5% of total assets or 20.8% of loans at the end of 2017.

Budapest Bank's total contract amount for 2019 is well over HUF 50 bn, indicating a significant amount of business activity.

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The idea of merging MKB Bank, Budapest Bank, and Takarékbank is still on the table.

MKB Bank's CEO, Balog, has been sharing new details about the planned listing of up to 30% of the bank's stake on the Budapest bourse.

Budapest Bank's sell-off could take place as early as this year.

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Budapest Bank offers a range of services to make your banking experience convenient and efficient.

You can manage your account online, check your balance, and view your transaction history with just a few clicks.

The bank's mobile app allows you to transfer funds, pay bills, and even order a new debit card.

Budapest Bank has a network of over 200 ATMs across Hungary, making it easy to access your cash when you need it.

The bank's customer service team is available to help with any questions or concerns you may have, Monday to Friday, 8am to 6pm.

Budapest Bank offers a range of payment services, including credit transfers, direct debits, and standing orders.

You can also use the bank's online banking platform to set up a direct debit or standing order to pay your regular bills.

Budapest Bank's customer service team can also help you with setting up a direct debit or standing order.

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