Magyar Bancorp Inc - ESG Rating & Company Profile powered by AI
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Magyar Bancorp Inc in the Banks industry gained a UN SDG ESG Transparency Score of 3.5; made up of an environmental score of 1.3, social score of 2.3 and governance score of 6.9.
3.5
Low ImpactEnvironmental
Social
Governance
Peer Group Comparison
| Rank | Company | SDG Transparency Score ⓘ | Performance |
|---|---|---|---|
| 1 | Landesbank Baden Wuerttemberg | 9.5 | High |
| 1 | UniCredit Bank Austria AG | 9.5 | High |
| ... | ... | ... | |
| 1276 | River Financial Corp | 3.6 | Medium |
| 1276 | Union Banka dd Sarajevo | 3.6 | Medium |
| 1292 | Magyar Bancorp Inc | 3.5 | Medium |
| 1292 | BLOM Bank SAL | 3.5 | Medium |
| 1292 | First Financial Bankshares Inc | 3.5 | Medium |
| ... | ... | ... | |
| 2219 | sakartvelos bank'i ss | 0.0 | Low |
| 2219 | AlphaCredit Capital, S.A. de C.V. | 0.0 | Low |
| ... | ... | ... |
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Potential Risks for Magyar Bancorp Inc
These potential risks are based on the size, segment and geographies of the company.
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC