The sector's net interest revenue climbed 45.2% to HUF 1.739 trillion and net revenue from commissions and fees increased 22.7% to HUF 834 bln.
Write-downs and provisions came to HUF 379 bln, up 298.7% from the base period.
MNB acknowledged the impact of the consequences of the war in Ukraine on the figure and said a single, large-scale banking group with "significant foreign exposure" accounted for about two-thirds of net write-downs and provisions.
Operating costs increased 32.4% to HUF 1.618 tln, boosted by a windfall profit tax.
Total assets of the sector stood at HUF 82.71 tln at the end of September, up 23.8% from 12 months earlier. Lending stock rose 25.1% to HUF 52.371 tln. Stock of deposits increased 22.2% to HUF 66.218 tln.
Lenders' non-performing loan ratio rose to 3.4% from 3%.
Banks' loan-to-deposit ratio was unchanged at 83.4%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
