Dr Csaba Kandrács

Mr. Kandrács was appointed as Deputy Governor of the Magyar Nemzeti Bank (the Central Bank of Hungary) in October 2019. In this capacity he is responsible for financial institutions supervision – including credit institutions, insurance and pension funds and capital markets – and consumer protection. While his responsibilities include leading the work on green finance within the central bank, Mr. Kandrács is also a member of the Presidential Committee for Sustainable Development of the Hungarian Academy of Sciences. In addition to that he also serves as a member of the Monetary Council. Since 2015 he is a member of the European Banking Authority’s Board of Supervisors and from 2023 a member of the European Banking Authority’s Management Board.
Prior to his current role Mr. Kandrács served as Executive Director of the Central Bank of Hungary from 2016, where he was responsible for the supervision of financial institutions. He is also a member of the Financial Stability Council. In 2013 he was appointed as a member of the Monetary Council, then he became the Chairman and CEO of MARK Ltd., the asset management company established by the Central Bank of Hungary. Before joining to the Central Bank of Hungary, Mr. Kandrács was appointed as a Deputy State Secretary of the Hungarian State Treasury at the Ministry for National Economy in 2012 and later that year he became the President of the Hungarian State Treasury. He started his professional career as a financial expert at the Hungarian Ministry of Finance in 2003, after which Mr. Kandrács joined the Budapest 5th District Local Government in 2009 as Head of the Financial Unit.