Net interest income dropped 1% to HUF 3.46 billion. Net revenue from commissions and fees fell 10% to HUF 1.72 bln. The lenderʼs net financial result jumped to HUF 1.2 bln from just HUF 136 mln, national news agency MTI reports. FHB freed up provisions of HUF 592 mln in Q2, after making provisions of HUF 413 mln in the base period. It had total assets of HUF 574.6 bln at the end of June, down 7% from 12 months earlier. Net assets were down 19% at HUF 57.5 bln. Gross stock of loans edged up 2% to HUF 318.6 bln. The NPL ratio of the portfolio dropped 3.6 percentage points to 9%. Stock of client deposits fell 2% to HUF 284.5 bln. Earnings per share was a negative HUF 7.4 for the period.
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.
