It was won by Vasas who beat Vojvodina in the two-legged final 5–2 on aggregate.

Matches played between 29 June and 7 July 1957.

Play-offs took place on 10 and 11 July.

Matches played between 14 and 20 July 1957.

1 Rapid Wien withdrew from play-off and Vojvodina advanced to Final.