CIB group profits double in 2021

Banking

After-tax profit of CIB group, the Hungarian lender of Intesa Sanpaolo, climbed 114% to HUF 15.8 billion last year, an earnings report shows, according to a report by state news wire MTI.

Net interest income increased 42% to HUF 46.2 bln and net revenue from commissions and fees rose 5% to HUF 28.3 bln. 

Lending provisions were up 20% at HUF 5.4 bln.

CIB group had total assets of HUF 2.783 trillion at the end of December, up 15% from a year earlier.

The stock of client loans rose 5% to HUF 1.269 tln. Client deposits increased 17% to HUF 2.019 tln.

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