Former head office of the First Savings Bank, designed by Miklós Ybl and completed in 1869[1]
Native name
Pesti Hazai Első Takarékpénztár
Company type
Joint-stock company
Industry
Financial services
Founded
1839 (1839)
Defunct
1948 (1948)
Fate
Nationalised
Headquarters
Pest
,
Hungary
Area served
Hungary
Products
Banking services
The First National Savings Bank of Pest (PHET) (Hungarian: Pesti Hazai Első Takarékpénztár), sometimes translated as First Domestic Savings Bank or referred to simply as First Savings Bank, was a major Hungarian bank that was established in 1839–1840 and was eventually nationalized in 1948, together with its universal banking affiliate Hazai Bank, established in 1895.
It was one of the three largest banks in Hungary in the late 19th and early 20th centuries, together with the Hungarian Commercial Bank of Pest and the Hungarian General Credit Bank.[2]: 147–148
^"Building". Ybl Palota.
^Béla Tomka (2001), "The Development of Hungarian Banking: An International Comparison, 1880–1931" (PDF), Journal of European Economic History, 30 (1): 125–162
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