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.

ADVERTISEMENT

Bourse Turnover Reaches HUF 249 bln in November Figures

Bourse Turnover Reaches HUF 249 bln in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Mahart Container Center Depot Opening at Budapest Airport Transport

Mahart Container Center Depot Opening at Budapest Airport

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.