First-half after-tax profit of MBH Bank, Hungary second-largest commercial lender, fell 51% year-on-year to HUF 53.5 bln, an earnings report published Thursday shows.
Adjusted for the impact of HUF 19.8 bln for the bank levy and HUF 19.6 bln for the windfall profit tax, after-tax profit slipped 33% to HUF 92.9 bln.
Net interest revenue fell 12% to HUF 236 bln. Net revenue from commissions and fees, after adjustments for structural corrections, rose 7% to HUF 48.9 bln.
MBH Bank had total assets of HUF 12.452 trillion at the end of June, up 6% from 12 months earlier.
Gross lending stock rose 7pc to HUF 6.205 tln. Stock of client deposits increased 4% to HUF 7.925 tln.
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