Hungarian Banking Association Elects New President

The Hungarian Banking Association has elected as its new President Radován Jelasity, Chairman and CEO of Erste Bank Hungary. The previous President, András Becsei will stay in the leadership of the association as Vice President.

Radován Jelasity has been Chairman and CEO of Erste Bank Hungary since June 1, 2011. He is a recognized banker, with a thorough knowledge of Central and Eastern Europe.  He gained wide experience during his outstanding career with banks and financial authorities.

From 2004 to 2010 he was Governor of the National Bank of Serbia. Previously, he served as the bank's Deputy Governor for four years.  As a central banker, he played an important role in consolidating the Serbian banking sector and insurance market and strengthening the regulatory and supervisory authorities. He also played a key role in Serbia's negotiations with international monetary institutions. As Vice-President of the Banking Rehabilitation Agency, he was involved in launching the restructuring process of the Serbian banking system and the privatization of major Serbian banks.  Earlier, he worked for McKinsey & Company in Frankfurt on banking projects in Germany, Poland and Bulgaria. He started his banking career at Deutsche Bank in Frankfurt, where he worked for four years as Area Manager for Central and Eastern Europe.

The Hungarian Banking Association, founded on February 17, 1989, is the professional advocacy body of the Hungarian banking sector, coordinating and representing the views of the banking community. The most important function of the Association is to represent its members' interests vis-à-vis third parties. To this end, the Association establishes committees and working groups involving professionals from member banks.

Members include banks registered and operating in Hungary. In accordance with the Association's rules, membership of the Association is open to any financial institution which has the minimum share capital provided by law and which accepts the rules of the Association.