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MagNet Bank total assets reach almost HUF 105 bln

Telco

Hungaryʼs MagNet Bank closed last year with total assets of HUF 104.8 bln, while total assets rose from HUF 83.9 bln to HUF 117.6 bln at the end of 2013 following the bankʼs acquisition of Banco Popolareʼs Hungarian subsidiary, chairman Zsolt Fay told Hungarian news agency MTI today.

Last year, MagNet Bank had after-tax profit of HUF 265 mln, Fay said, adding that the bank’s management owns 100% of the bank.

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