MFB total assets edge down 3% in H1

Telco

Total assets of the state-owned Hungarian Development Bank (MFB) stood at HUF 1.275 trillion at the end of June, down 3% from the end of December, an earnings report published Friday shows, Hungarian news agency MTI reported.

The stock of client loans edged down 1% to HUF 455 billion during the period. 

The stock of client deposits was up 134% at HUF 103 bln, while MFBʼs outstanding securities fell 23% to HUF 530 bln.

Net assets were up 2% at HUF 210 bln.

The bank had first-half net profit of HUF 4.1 bln, compared to a HUF 0.9 bln loss in the base period.

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