Magyar Nemzeti Bank
The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank [ˈmɒɟɒr ˈnɛmzɛti ˈbɒŋk], MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression the central bank of Hungary.
Institutional profile
Institutional role and background
The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank [ˈmɒɟɒr ˈnɛmzɛti ˈbɒŋk], MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression the central bank of Hungary. [3]
The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. [3]
The MNB is the dominant shareholder of the Budapest Stock Exchange and of the KELER Group, a financial market infrastructure. [3]
Under European Union policy frameworks, the MNB is a voting member of the respective Boards of Supervisors of the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA). It provides the permanent single common representative for Hungary in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA). It is also a member of the European Systemic Risk Board (ESRB). [3]
Selected introductory text by Wikipedia contributors — Hungarian National Bank, under CC BY-SA 4.0. Official facts are cited separately.
Institutional history
Establishment date in the institutional background record. [2]
Source-supported connections
Frequently asked questions
When was Magyar Nemzeti Bank established?
1924-06-24. See the linked source for the institutional record. [2]
Where is Magyar Nemzeti Bank headquartered?
Budapest. See the linked source for the institutional record. [2]
Magyar Nemzeti Bank connection map
Select a node to inspect the relationship and source.
Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
- Reference source ↗
- Wikidata background facts (CC0) ↗
- Wikipedia contributors — Hungarian National Bank (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.