In the base period, FHB made a sizable provision for settlement of compensation due under borrowers relief legislation.

Earnings per share came to a negative HUF 88.

Net interest income fell 40% to HUF 2.9 bln as the central bankʼs policy rate reached a record low. Net fees and commissions rose 37% to HUF 1.8 bln.

Provisions for loan losses were down 69% at around HUF 500 mln.

ROA improved 3.7 percentage points to -0.27%. ROE rose 32.2 percentage points to -2.4%.

FHB calculated that excluding the effect of the bank levy and other extraordinary items, it would have booked a HUF 1.9 bln loss, widening from a HUF 1.1 bln loss in the base period.

FHB had total assets of HUF 748.1 bln on September 30, down almost 2% from twelve months earlier. Net assets dropped 10% to HUF 82.3 bln.

Stock of loans declined 11% to HUF 326.4 bln and the NPL ratio fell to 16.5%. Stock of client deposits rose 11% to HUF 328.8 bln.