Budapest Bank earnings over HUF 6 bln in 2021

Banking

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a report by state news wire MTI.

Net interest revenue rose almost one-third to HUF 60 billion.

The lender had total assets of HUF 2.53 trillion at the end of December, up 7% from twelve months earlier. Lending stock increased 16% to HUF 1.211 tln and stock of deposits climbed 15% to HUF 1.601 tln.

Budapest Bank is part of a three-way tie-up with MKB Bank and Takarék Group that will create Hungary's second-biggest commercial lender. On March 31, Budapest Bank will merge with MKB Bank as the next step in the fusion overseen by Magyar Bankholding.

Warning Issued About Physical Labor in Coming Heat Wave Weather

Warning Issued About Physical Labor in Coming Heat Wave

KDNP Pulls out of EPP After Tisza Joins Elections

KDNP Pulls out of EPP After Tisza Joins

Gloster Wins EUR 15 mln BMW Contract Deals

Gloster Wins EUR 15 mln BMW Contract

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

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.