2026
A Word from the President & CEO
Sixteen years ago, the notion that banking could be conducted entirely without branches was widely regarded as unrealistic. Few believed such a transformation could ever be achieved. We did.
In 2010, Gránit Bank became the first financial institution in Hungary to build a fully digital banking model from the ground up. What was once considered an ambitious vision has since been transformed into a proven reality.
Today, Gránit Bank stands among the leading financial institutions in Hungary as the country’s eighth-largest bank. Profitability was achieved as early as the fourth year of operation, demonstrating the strength and sustainability of our business model.
Over the years, a series of market-leading innovations has been introduced by Gránit Bank. Many of these developments have not only redefined banking in Hungary but have also established the Bank as a pioneer across Europe and, in several areas, on a global scale.
The Bank’s performance has been exceptional. During the past sixteen years, the average annual growth of Gránit Bank’s balance sheet total has exceeded the Hungarian banking sector average by nearly eight times. Even in 2025, growth remained almost five times higher than the industry benchmark.
This remarkable expansion has been achieved while maintaining a highly resilient and high-quality loan portfolio. Despite rapid growth, the proportion of non-performing loans has been kept at a minimal level. At the same time, a significant cost-efciency advantage has continued to be demonstrated compared to the sector average.
Leadership is not only being maintained in digital banking innovation. Gránit Bank is also positioned at the forefront of the application of generative and agentic artificial intelligence. These technologies are being leveraged to unlock new digital synergies, enhance operational excellence, and deliver an exceptional customer experience.
A new chapter in the Bank’s history was opened at the end of 2024, when Gránit Bank’s shares were listed on the Budapest Stock Exchange. At the same time, the Bank’s international expansion was initiated through the launch of cross-border services in Romania.
Our ambition for the future remains unwavering. Cutting-edge financial innovations will continue to be brought to market - innovations that not only provide outstanding user experiences but also support sustainability objectives and proactively address the rapidly evolving needs of our customers.
The success of Gránit Bank is reflected not only in its outstanding growth indicators and the continuous expansion of its customer base. It is equally evidenced by the recognition consistently received from leading industry experts and institutions. Since its establishment, more than 80 prestigious domestic and international awards have been granted to the Bank.
While much of the financial world continues to discuss a future in which banking will be conducted entirely through mobile devices, at Gránit Bank that future has already arrived. It is not a vision. It is our everyday reality.
We invite you to explore the following pages and discover what makes Gránit Bank truly distinctive, how we operate, and the achievements that continue to define our journey and inspire our future.
Sincerely,
Éva Hegedüs
Chairperson & CEO
LISTED ON THE BUDAPEST STOCK EXCHANGE
As part of last year’s IPO, Gránit Bank made history by completing the largest capital increase combined with a public share ofering in the past 25 years.
The ofering, with a minimum issuance value of HUF 7 billion, was oversubscribed by more than three times.
Uniquely in Hungary, shares could also be subscribed through mobile application.
The shares were listed on the Budapest Stock Exchange in the Standard category on December 23, 2024.
As of April 1, 2025, the shares were included in both the BUX and BUMIX indices.
Shares listed at Gránit Bank by channels
90% of all subscription at Gránit Bank were made via mobile application.
1. OUR FUNDAMENTAL PRINCIPLES
Gránit Bank ofers state-of-the-art digital financial services in both domestic and cross-border markets.
‣ Committed shareholders and management
‣ Trusted client relationship
‣ Market-leading, customer-centric innovations
‣ Efcient, profitable operation for 12 years
‣ Sustainable growth
2. OUR STRATEGY
DIGITAL, GREEN FINANCIAL SERVICES, CONSERVATIVE LENDING
Gránit Bank is Hungary’s first digital bank, with market-leading solutions which:
‣ make banking easier as well as more convenient and sustainable
‣ can be combined with personal consulting on request
‣ provide customised and cost-efective solutions
Using innovative electronic banking and financial services to develop simple, convenient, and cost-efective solutions for retail customers, to provide outstanding customer experience and to serve the goal of sustainability.
Providing customers with permanently favourable terms and conditions through a cost-efective business model based on digital tools and capabilities, ensuring the long-term stability of the Bank.
Providing comprehensive financial and financing solutions for business customers.
Gránit Guru: using agentic-based AI solutions we can provide personalised customer service at any time.
THREE
STRATEGIC PILLARS
INNOVATIVE DIGITAL BANKING SERVICES
With the spread and opportunities of smart and mobile devices, the management of finances rises to a new level.
CONSERVATIVE VALUES
In addition to innovation, conservative and prudent lending is at the heart of the Bank’s operations.
HIGH LIQUIDITY, COST-EFFICIENT OPERATION
The Bank’s business model ensures high liquidity and cost-efcient operation, ofering sustained favourable conditions for customers.
OUR VALUES FOR 3.
BUSINESSES, RETAIL CUSTOMERS
Gránit Bank is a reliable partner to value-creating businesses.
Gránit Bank’s innovative digital solutions make banking easier for retail customers.
TAILORED SOLUTIONS FOR BUSINESSES
WE MAKE BANKING EASY FOR YOU WITH OUR BANK ACCOUNT SERVICE
‣ Customised account management conditions, favourable account packages
‣ End-to-end online account opening process via VideoBank
‣ Attractive fixed-term deposit conditions for all maturities
WE PROVIDE FINANCING TO HELP YOU ACHIEVE YOUR GOALS
‣ Flexible financing solutions tailored to customer needs – competent professionals, quick decision-making
‣ Broad product portfolio for all lending purposes (investment loan, working capital loan, overdraft, revolving credit, project loan, etc.)
‣ The full range of subsidised credit facilities (Széchenyi loans, Eximbank loans, MFB Point products)
SECURITY AND CONVENIENCE
‣ Wide range of treasury services - market foreign exchange, government bond trading, hedging, private banking
‣ Business Premium card – travel insurance up to HUF 50 million, use of premium Mastercard Lounge and Fast Lane at Liszt Ferenc International Airport, discounts at several hotels
INNOVATIVE AND DIGITAL SOLUTIONS FOR RETAIL CUSTOMERS
FINANCES MOVED TO MOBILE
‣ Instant foreign currency account opening and foreign currency card application for existing customers in the app
‣ Highly afordable, instant foreign currency exchange without bank charges, at the FX mid-market exchange rate updated every five minutes in the app
‣ Instantly usable digital debit card, with debit card control, and access to all card details and PIN code in the app
‣ Monthly spending and income overview on mobile phone along with spending analysis
‣ Managing expenses by payment request, qvik transfer, digital cheque payment
‣ Family package - for parent and child with Family app unique on the market
BANK ACCOUNT MANAGEMENT
‣ Bank account opening from home with selfie in mobile app or via VideoBank and the contract is ready in minutes
‣ Possibility of a free bank account and debit card up to the age of 26
‣ Attractive deposit terms for 1-60 months also from mobile app
WE PROVIDE FINANCING TO HELP YOU ACHIEVE YOUR GOALS
‣ Digital application for market housing loan to buy, build, expand or renovate a home
‣ Disbursement of state-subsidized loan products (e.g. Worker’s Loan)
‣ End to end online baby loan, from application to contract
‣ General purpose mortgage loan
‣ Overdraft as safety reserve
SECURITY AND CONVENIENCE
‣ Gránit Platinum and Metal card: advanced travel insurance with coverage up to HUF 50 million, airport VIP lounge access
‣ Government bonds purchases by opening a securities account in the app or via VideoBank
‣ Secure payment with Google Pay and Apple Pay
‣ Banking from anywhere on desktop or mobile phone via VideoBank
‣ Calculate and submit a home insurance quote from the app
IN IMPLEMENTING THE DIGITAL BUSINESS MODEL
Gránit iSMS about banking transactions
Launch of VideoBank
2010 Establishment of Gránit Bank
The first MDES-based next generation mobile payment on Android devices
Lock function for card locking and unlocking
Full account opening via VideoBank
eBank
Buy and sell government bonds on VideoBank
Full account opening with selfie and digital card service
Digital mortgage lending with online pre-qualification (Home Calculator)
Launch of Apple Pay
2019
Payment request and payment by QR code on mobile
Launch of Google Pay
Eco Calculator in eBank showing CO2 emissions accompanying card spending
100% digital Baby Loan application
Gránit FairPayInnovative payment solution based on instant payment request
Family app to manage family finances and open an account online from the age of 6
2022
Paying bills digitally
Digital Baby Loan 2.0application within 30 minutes
Opening of securities account + buy and sell government bonds in eBank
Instant foreign currency account opening in the app
Currency exchange at mid-market exchange rate
Instant application of HUF and FX debit card + showing PIN code in eBank
2023
Gránit Guru - agentic AI chatbot
Integration of investment services into the eBank app
Gránit FairPay as sub-aggregator
New savings solutions in eBank (Gránit Yield Duo, Pension Savings Account)
Share subscription in eBank application
Enter the Romanian market via cross-border services
Productmix Calculator
Applying for Worker’s Loan or Otthon Start online
Fraud prevention solution to prevent phishing
Wearable payments: smartwatch, ring, wristband
Home insurance calculator in the eBank app
SME account opening via VideoBank
Credit card
Disposable virtual card
5.
RESULTS
DYNAMIC GROWTH ALREADY FOR SIXTEEN YEARS
Profit before tax in 2025: STABLE RESULTS
HUF 22.4 billion 12 years
Profitable operation for
HIGH PROFITABILITY
Return on equity
ROE: 12.3% after *tax
Non-performing loan ratio
NPL: 0.6%
DYNAMIC GROWTH
Total assets at 31.12.2025: HUF 1,864 billion
Average annual growth of 42.9%
EFFICIENT OPERATION
Operating costs as a percentage of balance sheet total Close to 100% high quality portfolio
1.5% without *tax
*Bank tax, extra profit tax
The data presented are consolidated figures at the group level.
Gránit Bank Group’s operating cost cost/total assets ratio is significantly lower than the banking sector average*
Operating costs as a proportion of the total assets (%)
*Operating costs excluding
Growth in managed accounts (at individual level)
In 2025, Gránit Bank’s growth rate substantially outpaced the overall performance of the sector
With a consolidated balance sheet total of HUF 1 863.8 billion, Gránit Bank Group is a significant player in Hungary’s financial sector, providing universal banking services along with asset management, investment, and leasing services to its clients
ESG VALUES 6.
As part of its sustainability report, the Gránit Bank Group identifies actual and potential sources of greenhouse gas (GHG) emissions and assesses opportunities for their mitigation.
SCOPE 1 EMISSIONS:
These arise from fuel consumption by vehicles used in operations and from natural gas consumption for building energy purposes, amounting to approximately 303.16 tCO2e in 2025.
SCOPE 2 EMISSIONS:
Generated by electricity consumption and the energy demand associated with district heating and cooling, amounting to approximately 285.12 tCO2e in 2025 on a location-based basis.
SCOPE 3 EMISSIONS:
Indirect emissions arising across the full value chain, with financed emissions representing the most significant category for the Bank.
Our branchless banking model enables us to maintain a significantly smaller ecological footprint than a traditional bank. Since 2020, we have been carbonneutral in our own operations, covering Scope 1 and Scope 2 emissions. Each year, we ofset the CO2 emissions generated by our operations through support for reforestation and other Gold Standard-certified environmental projects.
SOCIAL RESPONSIBILITY
DONATION
Gránit Bank is committed to supporting the social advancement of disadvantaged children and their parents. Building on its cooperation with Hungarian Interchurch Aid, in place since 2019, the Bank has deepened this partnership through a new three-year programme. Launched in 2024 and implemented from 2025, the project is a key element of the “Ott vagyunk Neked” umbrella programme. Its main component, the Digital Tallér Programme, supports several hundred children and their parents in the Aid Organisation’s social inclusion institutions by strengthening their digital and financial skills. With the Bank’s financial support, the Aid Organisation has digitalised its ‘Tallér’ Programme, which promotes learning and community building. The successful pilot provides a strong basis for nationwide expansion.
SUPPORTING SPORT
Under a multi-year framework agreement, Gránit Bank sponsors athletes and mass sporting events organized by the Hungarian Canoe Federation, renewing this agreement once again in 2024. The Bank is also a key supporter of the Hungarian Water Polo Federation, with the Bank’s Chairperson and CEO serving as the Federation’s Honorary President. Furthermore, Gránit Bank supported the inaugural Gránit Bank University Regatta.
PATRONAGE OF ART
Support for culture has remained a central pillar of Gránit Bank’s social responsibility programme. For over a decade, the Bank has supported exhibitions at the Museum of Fine Arts, Budapest. In 2025, it supported the major exhibition “The Marriage of Heaven and Hell – William Blake and His Contemporaries”, featuring works from the collection of Tate, London. The exhibition presented paintings and illustrations by the master of British Romanticism, alongside works by his contemporaries, including Turner and Fuseli.
FINANCIAL EDUCATION
In collaboration with educational institutions, the Bank supports the dissemination of financial literacy from primary schools to universities. It has established strategic partnerships with seven Hungarian universities, contributing significantly to enhancing financial knowledge among university students.
OUR AWARDS 7. AND PRIZES
Others also believe we are on the right track. Gránit Bank’s performance has been recognised with 82 awards over the 16 years since its establishment!
FIRST PLACES IN THE “BANK OF THE YEAR” AWARD IN 2025
Between 2012 and 2025, Gránit Bank received a total of in Mastercard's Bank of the Year competition
56 awards
International awards and recognition:
2024 | 2025 |
Fastest Growing Digital Bank - Hungary
Global Banking and Finance Review magazine
2024 |
Best Mobile Banking App - Hungary
Best Mobile Banking Adaptive SiteHungary
Best Social Media Marketing and Services - Central and Eastern Europe region and Hungary
Global Finance magazine
2025 |
Best Digital Bank in Hungary
Global Finance magazine
OUR MANAGEMENT 8.
MEMBERS OF THE BOARD OF DIRECTORS
Éva Hegedüs Chairperson & CEO
Jendrolovics Péter Deputy CEO
Vida István External member
MEMBERS OF THE SUPERVISORY BOARD
Sándor Nyúl Chairman
Benczédi Balázs Member Member Member Member
Dr. Gubuznai Judit Oláh Márton Tóth Szabolcs
DEPUTY CHIEF EXECUTIVES
László Hankiss
Strategy and Analysis Division
Péter Jendrolovics
Retail Division
János Major
IT and Subsidiary Coordination
Zoltán Nagy
Compliance Division
Jenő Siklós
Financial and Operations Division
Zoltán Tölgyesi
Corporate Division
EXECUTIVE DIRECTORS
Zoltán Bede
Treasury Directorate
Tamás Szabó
Investment Service Directorate
Mihály SzabóAnder
Risk Management Directorate
Andrea Csicsáky Chairman’s Cabinet
Judit Kovács Back Ofce
Judit Udovecz
Finance and Economic Directorate
Dávid Géczi
Corporate Division
Zsolt Lengyel IT Directorate
Judit Vincze
Retail Division
Zoltán Dénes Head of Standard SME Segment
Tamás Sándor
Customer Relationship and Sales Department
GRÁNIT BANK (31.12.2024)
Ownership structure by ordinary shares issued
Gránit Bank Employee Ownership Programme
TiberisDigital Ltd.
Pannónia Voluntary Pension Fund
E.P.M. Ltd.
Other investors
GRÁNIT BANK GROUP
CONTACT
PERSONAL ADMINISTRATION THROUGH VIDEOBANK:
‣ Link: https://vbclient.granitbank.hu
ONLINE LOAN ADMINISTRATION:
‣ Baby Loan: https://granitbank.hu/lakossag/hitelek/babavaro/
‣ Worker’s Loan: https://granitbank.hu/lakossag/hitelek/munkashitel/
OVER-THE-PHONE ADMINISTRATION:
‣ Telephone customer service : +36 1 510 0527; +36 70 960 9871
BRANCH SERVICE:
‣ Váci street Central Branch: 1134 Budapest, Váci út 17.
‣ Open: Mon-Fri: 8.30 a.m. – 4.30 p.m.
‣ WESTEND Branch: Westend City Center, 1. emelet, Hild József Sétány 24.
‣ Open: Mon-Fri: 10.00 a.m. - 6.00 p.m.
Website:
‣ Link: https://granitbank.hu/
IMPRESSUM
Published by: Gránit Bank
Responsible publisher: FinTech Group Ltd.
Editor in charge: Gábor Lemák
Lector: Szilvia Egri
Contact: Gránit Bank PR
E-mail: pr@granitbank.hu
The illustrations used in this publication are licensed to Adobe Systems Software Ltd. under a subscription agreement between FinTech Group Ltd. and Adobe Systems Software Ireland Ltd.
The illustrations, photographs and logos in this publication are protected by copyright. The use of illustrations, photos and logos is prohibited. Any use of all or part of the content requires the prior written permission of Granit Bank.
Gránit Bank, 2026. All rights reserved!