Banking Sector Profits Climb 183% in Q1-Q3

Banking

After-tax profit of Hungarian banks rose 183% year-on-year to HUF 1.591 tln in Q1-Q3, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB) on Tuesday.

Lenders' net interest revenue increased 39% to HUF 2.426 tln. Net revenue from commissions and fees rose 19% to HUF 994 bln.

Writedowns and provisions came to HUF 73 bln, well under the HUF 385 bln in the base period.

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