Magyar Cetelem Zrt. (Hungary)

Magyar Cetelem Bank Zrt. has been present in Hungary since 1996. It was founded and is 100% owned by the French company Cetelem S.A., which has nearly 50 years of professional experience in consumer lending. Since 1999, it has been a member of the BNP Paribas group, the second largest financial group in the eurozone and one of the top 8 financial groups in the world. BNP Paribas operates in the consumer lending sector through its two subsidiaries, Cetelem, a market leader in consumer lending, and UCB, a specialist in mortgage financing. Since 2008, they have been operating internationally under the name Personal Finance. BNP Paribas Personal Finance is a market-leading financial institution in consumer lending in France and Europe, with nearly 16,000 employees operating in more than 30 countries across 4 continents. Magyar Cetelem specializes in consumer lending for individuals, offering installment loans for a wide range of durable consumer goods. It adopts a customer-centric approach, utilizing modern technology and implementing a conservative risk management strategy. It is a market leader in installment lending, while also prioritizing quality, safety, and responsible lending principles. The company is committed to sustainable development and gradually incorporates environmental awareness into its corporate culture and business activities.