The History, the Current System and the Special Features of Savings Cooperatives in Hungary

Attila Moizs () and Gábor G. Szabó
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Attila Moizs: “MECSEK” Savings Cooperative
Gábor G. Szabó: Institute of Economics, Center for Economic and Regional Studies, Hungarian Academy of Sciences

A chapter in Credit Cooperative Institutions in European Countries, 2016, pp 291-307 from Springer

Abstract: Abstract Recently 260 Savings and Credit Cooperatives existed and worked in Hungary, the number of its members was about two million. In our days about 110 Cooperatives are registered at the Hungarian Financial Supervisory Authority, 106 are Savings Cooperatives of them. What is the reason of decrease? What sort of internal and external reasons cause, that five Savings-Cooperatives leave off on the average a year? The dilemmas of the development alternatives also support the assumption, that in the future model of savings cooperatives, a reorganized and efficient integration collaboration has an important role to play. The purpose of this writing is the promotion of the collective thinking, and by the help of this the Savings Coop’s will be successful and active participants of the sector.

Keywords: Commercial Bank; General Meeting; Civil Code; Legal Person; General Assembly (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-28784-3_16

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DOI: 10.1007/978-3-319-28784-3_16

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