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

In: Credit Cooperative Institutions in European Countries

Author

Listed:
  • Attila Moizs

    (“MECSEK” Savings Cooperative
    Supervisory Board of National Interest Representation Alliance of Savings Cooperatives)

  • Gábor G. Szabó

    (Institute of Economics, Center for Economic and Regional Studies, Hungarian Academy of Sciences)

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.

Suggested Citation

  • Attila Moizs & Gábor G. Szabó, 2016. "The History, the Current System and the Special Features of Savings Cooperatives in Hungary," Contributions to Economics, in: Simeon Karafolas (ed.), Credit Cooperative Institutions in European Countries, pages 291-307, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-28784-3_16
    DOI: 10.1007/978-3-319-28784-3_16
    as

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