Gránit chairman/CEO Éva Hegedüs informed shareholders yesterday that the bank had taken a HUF 435 million loss in 2013, actually an improvement over the HUF 532 million hit taken in ’12.
Total assets were up 42% year-on-year to HUF 72.9 billion as of year’s end.
Varga stated after the meeting that the bank would nevertheless become profitable in 2014.
TriGránit chairman/CEO Sándor Demján established Gránit Bank in 2010 in order to assist Hungary-based SMEs during economic crisis. The state acquired a 49% share in the bank with a HUF 2.58 billion investment last summer.
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