Hungarian Industrial and Commercial Bank

The Hungarian Industrial & Commercial Bank (Hungarian: Magyar Ipar-és Kereskedelmi Bank) was a significant albeit short-lived Hungarian bank with head office in Budapest.

It was created in 1890 with sponsorship from Wiener Bankverein and additional participation by Deutsche Bank.

[1]: 43  It appointed István Tisza as its president, a position the future statesman kept until 1901.

[2] Count Gyula Andrássy the Younger and German financier Eugen Gutmann were among its high-profile board members.

[3]: 222 Under Tisza's direction, the bank expanded rapidly but became overstretched, collapsing into bankruptcy in 1902 in part because of ill-timed investments in the Romanian petroleum industry.