Gránit Bank assets up 20% last year

Banking

Total assets of Gránit Bank rose 20%, close to HUF 700 billion, last year, chairman-CEO Éva Hegedüs said after the lender's annual general meeting yesterday, according to novekedes.hu.

Hegedüs noted that growth exceeded the 16% increase for the sector as a whole. Gránit Bank's stock of client loans, including corporate bonds, rose 26.3% to HUF 264 bln.

The lender's shareholders decided to put last year's close to HUF 4 bln in after-tax profit into reserves.

Responding to a question, Hegedüs said the government's decision to levy a windfall tax on the sector is "no joy" for banks, but she acknowledged the government's efforts to shore up the budget gap.

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