Hungarian Discount and Exchange Bank

[2] The MLPB was originally established as a Hungarian affiliate by the Vienna-based Niederösterreichische Escompte-Gesellschaft, which for that purpose took over the local private banking house of C.J.

[3]: 219  In 1881, it received further investment from a group of investors formed by Vienna's Unionbank and France's Société Générale and Banque de Paris et des Pays-Bas.

Like other Hungarian universal banks, it took ownership stakes in major utilities and industrial companies.

[3]: 219  It remained among the country's leading banks during the interwar period,[4]: 192  when it came under the control of Austria's then French-controlled Länderbank.

Miksa's son Marcell Madarassy-Beck [hu] would also lead the bank in the interwar period, bohiernment and murder at the Mauthausen concentration camp in 1944.

Former Discount Bank head office, Dorottya utca 6 in central Budapest [ 1 ]
Former branch building [ sk ] in Bratislava