MBH Bank, Hungary’s new “megabank” formed by the merger between Budapest Bank and MKB Bank, tops the highest movers’ table in 2023 with an impressive 205.5% of Tier 1 capital added to its balance sheet. In 2020, the country’s prime minister Viktor Orbán declared a three-way merger (Budapest Bank, MKB Bank and Takarekbank – the latter’s inclusion was completed in April this year) to boost the competitiveness of the national banking sector.
But it is the US banks that numerically dominate the list again this year, with 10 out of the 25 highest movers, double its number in the previous ranking. The strong dollar played some part in this success story, but the main reason is the continued consolidation among regional and community banks.
