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Number of ATMs in Hungary Rises on National Bank Decree

• 28 Mar 2024 5:51 AM
• Hungary Around the Clock

Hungarian banks added 218 ATMs in the period between January 2023 and February 2024 after the MNB ordered lenders to maintain a minimum number of ATMs based on the number of bank cards issued.

Banks with 600,000 to 1.2 million cards are obliged to operate ATMs in at least 65% of the towns outside county seats, while banks exceeding that level are required to operate ATMs in at least 80% of these settlements.

The MNB acted to stop a declining trend, as banks have terminated ATMs and bank branches in recent years.

In a report published on Portfolio, MNB officials said the regulation has yielded results and there has been an improvement in the quality of the teller machines, as more than 900 ATMs allow customers to deposit cash.

There were 4,910 ATMs in the country at the end of February, of which 4,160 were operated by commercial banks and 756 by independent service providers.

The number could rise by 100 this year, the MNB added.
 

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