Total assets of the bank stood at HUF 1.034 trillion at the end of last year, up 3.5% from the end of 2016, said national news agency MTI.

The net stock of client loans rose 13.5% to HUF 671 bln. The stock of client deposits edged up 2.2% to HUF 699 bln. The retail lending stock increased 4.6% to HUF 335 bln.

This year, Budapest Bank expects outlays to climb at a pace similar to 2017, Lelfai said. Mortgage outlays are targeted at HUF 40 bln, up from HUF 28.5 bln in 2017, he added.