In its study covering 14 countries, the tax consultant found that the consolidated balance sheet total of financial institutions in the region increased to 102.4% of GDP in 2020 from 90.6% in 2019 and did not decrease significantly in 2021, when it corrected to 101.4%.
Despite the adverse effects, the banking sector's loan portfolio grew steadily, from EUR 903 billion in 2019 to EUR 918 bln in 2020 and EUR 996 bln in 2021.
The most active buyer in the region in the last five years was the OTP group with eight acquisitions, followed by Raiffeisen Bank International and Nova Ljubljanska Banka with four.
Significant transactions in Hungary in recent years include the tripartite merger of Takarék Group, MKB, and Budapest Bank, and the regional liquidation of Sberbank, Deloitte concluded.
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