What makes us a community bank?

The owners, executives and employees of the bank mutually arrived at the conclusion that the time had come for placing banking operations on a new foundation, and in 2010 they designed the new strategy together. By applying the principles of organic organizational development, after one year we jointly set our fundamental principles of performing banking operations in the most transparent manner possible, making business decisions and taking responsibility based on the principles of sustainability, and we also invented how to provide our clients with the right to have a say in the bank’s community activities. We performed the strategy change in such manner that the traditional banking values and objectives could be retained as well.

Have a look at what we were up to in 2016!
Click to see our awesome community activities and social impact,
which our clients and MagNet achieved the past year.

Donate from the bank’s profit

Within the framework of CDP (Community Donation Program), our clients have the right to dispose over 10% of the bank’s profit. This is the way they may support civil society organizations and initiatives which represent such objectives that are important to them. Based on the experience of the past 8 years, we are sincerely grateful to our clients for grabbing the opportunity to make a decision, ensuring the distribution of over 220 million Hungarian Forints.

Within the framework of CDP (Community Donation Program), our clients have the right to dispose over 10% of the bank’s profit. This is the way they may support civil society organizations and initiatives which represent such objectives that are important to them. Based on the experience of the past 8 years, we are sincerely grateful to our clients for grabbing the opportunity to make a decision, ensuring the distribution of over 220 million Hungarian Forints.

Community deposits and loans

The world which develops around us is built on loans mostly. With the participation of our clients, we provide resources for initiatives which have a beneficial impact on our society and environment. We exclude automatically such loans which finance certain activities: the ones which our clients would probably disapprove too. Besides earning an interest in the community deposit, our clients’ money may also serve a purpose which is important for them as well. Furthermore, the bank’s clients can reduce the loan burden borne by the borrowers just by keeping their savings in the community deposit.

Supportive bank card

Covered by our CDP Card Program, our clients are given the opportunity to support important social issues by way of their bankcard purchases. All they need to do is select the civil society organization they wish to support and make purchases with their MagNet bankcard.

Pay as you like account management (PAUL)

In the spirit of transparent services and responsible decision making, we provide multiple choices to our clients. One of them is the ”pay as you like” account management, in the framework of which our retail clients may decide themselves how much fee they would like to pay for their account management.

In the spirit of transparent services and responsible decision making, we provide multiple choices to our clients. One of them is the ”pay as you like” account management, in the framework of which our retail clients may decide themselves how much fee they would like to pay for their account management.

Innovative branches

Come and check out our downtown branch office in District V which, both in its function and design, differs from any conventional locations of the banking sector. You may find a fair trade bio café, community point supporting civil initiatives and a branch office of the bank here, where it is both comfortable to manage your finances and live your social life.

Come and check out our downtown branch office in District V which, both in its function and design, differs from any conventional locations of the banking sector. You may find a fair trade bio café, community point supporting civil initiatives and a branch office of the bank here, where it is both comfortable to manage your finances and live your social life.