A Hungarian bank was closed that no one knew about

The Hungarian National Bank has revoked Trive Bank's operating license and ordered its liquidation. The deposit insurance fund will reimburse depositors within seven working days. The bank's minimal loan portfolio and client base mean this decision won't impact financial market stability. The bank primarily offered small online personal loans, and its total loan volume is less than 2 billion HUF, representing a negligible market share. The bank's depositors number fewer than one hundred, further indicating minimal market disruption. Trive Bank, with Turkish background, had advertised quick online loans.