In Hungary, commissions revenue declined 36% to HUF 1.47 bln. Commissions revenue dropped 16% to HUF 0.37 bln in Poland.
Duna House noted that the real estate market had “stabilized” by the end of May and business volume in June was similar to that in the same period a year earlier. In terms of lending, Duna House said June-July are expected to be “the deepest point”.
Duna Houseʼs intermediated loan volume climbed 16% year-on-year to HUF 57.13 bln in Q2.
Intermediated loan volume rose at the same pace in both Hungary and Poland, to reach HUF 19.44 bln and HUF 37.69 bln, respectively.
Duna Houseʼs lending business in Poland has been supported by its recent acquisition of Alex T Great.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
