Raiffeisen Bank Zrt. was established as Unicbank in December 1986, concurrently with the establishment of the two-tier banking system in Hungary. 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 differentiated banking relations. For private customers, the consumer banking division offers flexible, tailor-made products combined with multiple access and a high level of customer service. Raiffeisen Bank maintains an extensive and rapidly developing branch network in Hungary, and also offers state-of-the-art alternative sales and communication channels.