Dutch-based Trive Financial Holding has acquired the Hungarian financial institution Sopron Bank, which will henceforth serve its customers under the name Trive Bank Hungary Plc., the financial group said in a statement sent to MTI on Tuesday.
The document says that the bank will operate fully digitally, offering consumer loans and later also fixed deposits and current accounts to its customers, providing a "digital experience" for those looking for a quick solution to their financial needs.
The CEO and chairman of Trive Financial Holding, Engin Cubukcu, said in a statement that the transaction will integrate banking alongside its investment and lending services. The acquisition will allow them to expand their geographical reach to Hungary, with the aim of making Trive Bank a modern high-tech bank, he added.
Sopron Bank was a regional bank in Western Hungary with a 20-year history in this country.
Trive Financial Holding is a financial services group that offers global investment and lending products with cutting-edge technology and venture capital investments focused on FinTech companies; its subsidiaries span the globe from the United States to Europe, Africa and Australia, the statement said.
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