[1] Since its inception in 1989, TakarékBank functioned both as a central institution and as a corporate and investment bank.

TakarékBank is the short form of the Magyar Takarékszövetkezeti Bank Zrt.

TakarékBank represented the interests of the Hungarian Cooperative Financial Institutions at both national and international levels and coordinated and developed the joint strategy within the network.

The bank advised and supported his members on legal, taxation, and business management issues.

[5][6] In 2019 TakarékBank consolidated 11 saving co-operatives to form the fifth largest Hungarian financial institution, owning assets worth HUF 2.3tn.