Eximbank assets rise 'over 15%'

Banking

Magyar Eximbank yesterday said its total assets have risen by "over 15%" from the end of last year, according to business daily Világgazdaság.

As an issuer of securities, the lender is required by law to disclose any "significant" changes to its balance sheet.

On the assets side of the balance sheet, Magyar Eximbank said it boosted its credit outlays and investments "to a significant degree" during the period. Liabilities rose because of bond issues, bilateral credit agreements and an increase in share capital, the lender added.

Last year, Magyar Eximbank's total assets rose 30% to HUF 1.293 trillion.

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