The Hungarian bank made a profit of more than 174 million euros last year

The Hungarian bank made a pre-tax profit of 69.5 billion HUF (174 million euros) last year, while its total comprehensive income amounted to 65.5 billion HUF (164 million euros). ), informed the banking group. MTI In Monday.

According to the statement, among member banks, MKB Bank’s after-tax profit was HUF 60 billion (EUR 150 million), Budapest Bank’s after-tax profit was HUF 10.8 billion ( EUR 27 million) and the after-tax profit of MTB Magyar Takarékszövetkezeti Bank was HUF 2 billion (EUR 5 million).

After a 15% increase, the banking group’s consolidated balance sheet total reached HUF 9,630 billion (more than EUR 24 billion) at the end of the year.

The holding company’s net interest income increased to HUF 203 billion (507 million euros), we learned.

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The holding’s total customer deposits exceeded 6,170 billion HUF (1,540 million EUR), of which 4,125 billion HUF (10,230 million EUR) were corporate deposits and 1,884 billion HUF (EUR 4,700 million) were retail deposits.

The Group’s gross loan portfolio exceeded HUF 4.4 trillion (EUR 1.1 trillion) in the first quarter, of which corporate loans amounted to HUF 2.486 billion (EUR 6 billion) and retail loans to HUF 1.377 billion. HUF (EUR 3 billion).

According to the statement, Antal Martzy, deputy general manager of the holding company, said that the holding company is financially strong and its member banks have achieved excellent results despite the volatile external environment, while successfully completing related tasks. merger and transformation.

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Their goal is “to build a unified, stable and capital-sound bank that will deliver an unparalleled customer experience in the banking industry and be globally competitive,” he said.

The merger of Budapest Bank and MKB Bank was completed at the end of March this year, with the credit institution temporarily operating under the name of MKB Bank Nyrt. Takarékbank will legally join the group until May 2023, when the new brand of the large unified bank will be introduced. Member banks currently serve a total of nearly 2.5 million customers, the company said.

Featured image: illustration via Pixabay

Laura T. Thrasher