Net interest income at the Hungarian business fell 13% to EUR 158.6 mln, but net revenue from commissions and fees climbed 14% to EUR 121.5 mln.
Total operating income increased 39% to EUR 356.2 mln, while operating costs dropped 10% to EUR 130.2 mln, supported in part by the base effect of a contribution to the National Deposit Insurance Fund (OBA) to cover clients of failed Russian-owned Sberbank Magyarország.
Erste Group noted that its local unit booked EUR 47.9 mln for a windfall profit tax, for the full business year, during the period.
Erste Bank Hungary had total assets of EUR 13.31 bln at the end of the first half, up 9% from 12 months earlier. The stock of client loans increased by 18% to EUR 4.888 bln during the period. Client deposits stood at EUR 8.741 bln, little changed from 12 months earlier.
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