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Magyar Cetelem Zrt. (Hungary)

Main Activities: Commercial Banking
Secondary Activities: Sales Financing
Full name: Magyar Cetelem Bank Zrt. Profile Updated: December 20, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English & Hungarian Download a sample report

Magyar Cetelem Bank Zrt. has been present in Hungary since 1996. It was founded and is 100% owned by the French company Cetelem S.A., which has nearly 50 years of professional experience in consumer lending. Since 1999, it has been a member of the BNP Paribas group, the second largest financial group in the eurozone and one of the top 8 financial groups in the world. BNP Paribas operates in the consumer lending sector through its two subsidiaries, Cetelem, a market leader in consumer lending, and UCB, a specialist in mortgage financing. Since 2008, they have been operating internationally under the name Personal Finance. BNP Paribas Personal Finance is a market-leading financial institution in consumer lending in France and Europe, with nearly 16,000 employees operating in more than 30 countries across 4 continents. Magyar Cetelem specializes in consumer lending for individuals, offering installment loans for a wide range of durable consumer goods. It adopts a customer-centric approach, utilizing modern technology and implementing a conservative risk management strategy. It is a market leader in installment lending, while also prioritizing quality, safety, and responsible lending principles. The company is committed to sustainable development and gradually incorporates environmental awareness into its corporate culture and business activities.

Headquarters
Terez korut 55-57.
Budapest; Budapest; Postal Code: 1062

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Website: http://www.cetelem.hu

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 28, 1996
Key Executives
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Chairman of the Management Board
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Member of Board of Directors
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Member of Board of Directors
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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100%
Subsidiaries
CET Altalanos Szolgaltato Kft.
Company Performance
Financial values in the chart are available after Magyar Cetelem Zrt. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HUF. Absolute financial data is included in the purchased report.
Net interest income
-43.66%
Net fee and commission income
1.9%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-10.77%
Loans and advances to customers
-9.54%
Deposits from customers
-9.22%
Total equity
-11.93%
Total Assets Trend
-6.5%
Net Interest Income Trend
-29.82%
Cost to Income Ratio
96.89%
Loans to Deposits Ratio
1.9%
Loans to Asset Ratio
1.15%

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