MKB losses narrow as a result of restructuring


State-owned MKB Bank booked a HUF 4 bln pre-tax loss in the first half, improving from a HUF 15 bln loss in the same period a year earlier as a result of restructuring, the lender said in a statement on Friday, according to Hungarian news agency MTI.

Operating costs fell 12%, close to HUF 20 bln, the bank said.

Operating profit reached HUF 3.7 bln, but write-downs and risk provisions came to HUF 8.1 bln.

MKBʼs total assets fell about 4% to HUF 1.865 trillion, according to IFRS. Client loans stood at HUF 1.037 trillion and client deposits reached HUF 1.213 trillion.

The bankʼs capital adequacy ratio rose slightly to 14.68%.


Freight Volume Falls 5% in Q3 Figures

Freight Volume Falls 5% in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

MOL Campus Inaugurated Office Market

MOL Campus Inaugurated

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.