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MNB books “tens of billions of forints” in profit in 2013

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The National Bank of Hungary (MNB) closed 2013 with profit “in the tens of billions of forints,” the central bank reported on Wednesday, citing preliminary figures. The MNB said a month earlier that it finished 2013 in the black but did not say anything about the scale of the profit.

The MNB noted that its previous management had projected a HUF 203 billion loss for the central bank in 2013: “The new central bank management managed in nine months to close 2013 with a profit, without putting at risk its primary goals as laid down in the law.”

The MNB will publish detailed, audited data from 2013 in April.

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