Budapest Bank earnings over HUF 6 bln in 2021
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.
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