The bank had total assets of Ft 1.649 billion at the end of June, 45.3% more than twelve months earlier. According to consolidated International Financial Reporting Standards (IFRS) figures recently announced by Erste Bank Hungary, first-half after-tax profit rose 26.3% to Ft 10.7 billion, and total assets rose 37.2% to Ft 1.687 billion at the end of June.
Under the unconsolidated HAS figures released on Tuesday, first-half pre-tax profits were Ft 10.38 billion, up 2.8% from the same period a year earlier. Operating profits rose 4.4% to Ft 10.54 billion. First-half net interest revenue rose 19.7% year-on-year to Ft 29.97 billion, with interest received rising 5.9% to Ft 52.1 billion and interest paid falling 5.7% to Ft 25.13 billion. Revenue from commissions and fees increased 13.1% to Ft 11.2 billion and commissions and fees paid rose 87.3% to Ft 3.78 billion. Overhead costs at the bank rose 14.9% to Ft 20.71 billion. Erste’s stock of loans to clients increased 49.5% to Ft 1,216 billion in the twelve months to June 30. The stock of clients’ deposits rose 20% to Ft 744.98 billion.
Erste Bank Hungary is the country’s second-biggest player on the retail market in terms of client numbers.
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