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MKB losses grow to HUF 148 bln in 2014

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MKB Bankʼs after-tax loss grew to HUF 148.1 bln last year on the impact of borrowers relief legislation and write-downs on bad loans, from the previous year’s HUF 122.2 bln Hungarian news agency MTI reported early this morning.

The bank noted that its consolidated capital adequacy ratio rose to 14.09% at the end of 2014 from 11.82% twelve months earlier.

MKB said it will continue to strengthen its profitable businesses this year and improve efficiency. It expects to close this year around the break-even mark and turn a profit in 2016.


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