We have been operating profitably for more than 27 years as the largest financial institution in 100% Hungarian private ownership.
Sounds insane, but it's true: in 2019 we have been awarded the Socially Responsible Bank of the Year Infinity Award by MasterCard.
We calculate our clients’ contribution to the bank’s annual profit and, uniquely in Hungary, we share this information with them on an annual basis.
Our clients choose which civil society organizations to support with 10% of the bank’s profit. Community Donation Program
Our retail clients decide themselves how much fee they would like to pay for their account management. "Pay as you like" account management
Our clients may support useful social initiatives using the money of the bank by way of their bank card purchases. Supportive Bank Card
Our clients may specify those loan purposes for which their financial deposits can be used by the bank. Mentor, Sector page
By our MENTOR and SECTOR community products and with the participation of our depositors, we reduce the loan burden borne by socially beneficial projects.
In the course of credit scoring, we apply positive screening measures to those projects which have a beneficial impact on our society and environment.
Our goals are societal engagement based on transparency and education in order to raise financial awareness.
We aim to promote green, emission-free transportation, as the Community Bank considers the preservation of the environment and living space to be one of its high importance missions. So, every client who opens an account under the Bank's Nyiss és nyerj! promotion
gets a tree in the MagNet Oaks
every 100th new customer wins an electric scooter and
every 1000th customer wins an electric bike!
Take your chances, open any type account -be it retail, corporate or NGO account, and be one of the lucky winners!
MagNet Bank is a member of the Global Alliance for Banking on Values.
What does this membership mean?
Well, a lot more than you think!
We are part of a growing movement of independent banks and financial institutions committed to advancing positive change in the financial sector through sustainable economic, social and environmental development, with a focus on helping individuals fulfil their potential and build stronger communities. The Global Alliance comprises of more than 60 financial institutions and seven strategic partners operating in countries across Asia, Africa, Australia, Latin America, North -America and Europe.
GABV membership is a sign of continued commitment to values-based banking, diversification, and driving positive change within the industry.
We adhere to GABV standards, follow a GABV approved approach to values-based finance, and regularly undertake a verification process to confirm our compliance.
Learn more about the Global Alliance for Banking on Values and the principles of values-based banking.