The losses can bee seen as temporary, Erdei said. MKB Bank‘s capital and liquidity position is stable, and this year the bank expects profitability to approach that of earlier years, excluding the effect of the extraordinary bank levy.
MKB Bank’s unconsolidated losses would have been HUF 47.5 billion last year, excluding the HUF 14 billion it paid on the bank levy, he said.
The bank’s shareholders extended the mandates of the chairman and the three board members whose terms were expiring by three years at an extraordinary general meeting on Wednesday, Erdei says. The move shows the owners have confidence in the management and the board, he added.
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