Postabank
Postabank was a major Hungarian commercial bank that operated throughout the 1990s and became notorious for a massive financial scandal involving mismanagement and fraud. The institution was eventually restructured and liquidated, with its assets primarily integrated into the state-owned banking sector in the early 2000s.
Brand Identity Data
HQ Country
Hungary
EU Headquartered
Yes
EU Manufactured
No
Ownership Type
state-owned
Stock Exchange
Private
Tax Domicile
HU
Ultimate Parent
Hungarian State (Republic of Hungary)
GDPR Status
defunct
B Corp Certified
No
Repair / Recycling
No
Ethical Certifications
None verified
Verified on October 15, 2026
Corporate Lineage
1988
Establishment
Postabank was founded as a commercial bank primarily serving the Hungarian postal network.
1998
Financial Crisis
The bank faced a liquidity crisis leading to a state-funded bailout following revelations of mismanagement.
2003
Liquidation and Integration
The bank was liquidated and its remaining assets and operations were absorbed by Erste Bank Hungary.