It was won by Vasas who beat Rapid Wien 9–2 in a play-off match, after the two-legged final ended 4–4 on aggregate.
Matches played between 24 June and 1 July 1956.
1 Partizan beat Wacker Wien 4–0 in a play-off to qualify for the Semi-finals.
Vörös Lobogó won 6–4 on aggregate.
1 Vasas beat Rapid Wien 9–2 in a play-off to win the Mitropa Cup.