News wire MTI wrote that operating revenue rose 15%, while revenue from commissions and fees climbed 24%. Operating costs also increased by 15%. The bank’s operating income reached HUF 234 bln, up from HUF 204 bln in 2023.
The lender’s non-performing loan (NPL) ratio fell to 1.9% from 2.6%. The retail segment’s NPL ratio was 2.4%, while the corporate segment stood at 1.3%.
Retail lending stock grew 10%, with new loan outlays surging 54%. New mortgage lending jumped 133%, and personal loan outlays rose 44%. Lending to small and medium-sized enterprises (SMEs), however, declined 15%.
The stock of retail deposits and managed investments reached HUF 6.554 tln at the end of December, marking a 19% increase year-over-year.
Corporate lending stock, including bond subscriptions, declined 3% to HUF 1.094 tln.
Erste noted that businesses continue to demand less credit, and in a business environment falling short of expectations, many companies are holding back on investments.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
