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MagNet Bank
FormerlyHBW Express Takarékszövetkezet
Company type Public
IndustryFinancial services
Founded7 November 1995
Headquarters Budapest, Hungary
Key people
Fáy Zsolt ( CEO), Attila Rostás, János Salamon
ProductsBanking and insurance
Ft 1.421 billion (2019)
Total assets Ft 163.165 billion (2019)
Total equity Ft 14.74 billion (2019)
Website www.netbank.hu
A bank building in Budapest

MagNet Bank ( Hungarian: MagNet Magyar Közösségi Bank Zrt., lit.'MagNet Hungarian Community Bank'), known as the HBW Express Savings Co-operative (Hungarian: HBW Express Takarékszövetkezet) until 2010, is the only community bank in Hungary that practises ethical banking. It is owned by Hungarian citizens.

MagNet Bank has a network of 12 branches along its center in the capital, Budapest. Its financial products are retail, loan, term deposits, community banking products, online banking, debit cards and insurance.

Since September 2013, the MagNet Bank standardised the debit MasterCard. It has automated teller machine, at each branch.

See also

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