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TakarékBank total assets rise by two-thirds in 2014

Initiatives

Magyar Takarékszövetkezeti Bank (TakarékBank) yesterday said its total assets rose 66% to HUF 800 bln last year. TakarékBank said its shareholders had decided to pay a HUF 1.6 bln dividend from last yearʼs HUF 2 bln after-tax profit at an annual general meeting yesterday. 

TakarékBank is the "central bank" for Hungaryʼs savings coops which were recently integrated to create synergy and help the institutions meet stricter European Union capital adequacy requirements.


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