Raiffeisen Bank Zrt. was established as Unicbank in December 1986, concurrently with the establishment of the two-tier banking system in Hungary.

The bank has steadily strengthened its market position to become one of the leading universal banks in Hungary. This achievement is due to the bank's success in continuously enhancing its services, introducing new business lines and adapting its internal organisation in line with the changing exigencies of the market.

In the first years of its operation, Raiffeisen Bank offered high-quality services primarily to medium-sized and large corporations, as well as to joint-ventures and subsidiaries of multinationals. With the launch of its consumer banking business line in January of 1999, Raiffeisen Bank became a universal bank, providing wholesale financial services to its corporate customers, local governments and public utilities, as well as private banking services for high-net-worth individuals seeking sophisticated, differentiated banking relations. For private customers, the bank offers flexible, tailor-made products combined with multiple access and a high level of customer service. Raiffeisen Bank maintains an extensive branch network in Hungary, and also offers state-of-the-art alternative sales and communication channels.