MKB Bank H1 operating profit climbs 20%
First-half operating profit of Hungary's MKB Bank rose 20% to Ft 56.3 billion from the same period a year earlier, the bank said, citing consolidated IFRS figures.
MKB Bank had total assets of Ft 2,500 billion on June 30, 2008, 19% more than twelve months earlier.
While the corporate segment slowed, lending and investment fund activity in the retail segment picked up.
MKB Bank has completed changes at its recently acquired units in Romania and Bulgaria and is now focusing on growth in the countries. (MTI – Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.