Gránit Bank Shareholders Approve HUF 2 bln BDPST Capital Raise

Banking

Shareholders of Gránit Bank approved a HUF 2 billion capital raise in the lender by Tiberis Digital, a unit of Hungarian-owned BDPST, according to portfolio.hu.

Gránit Bank said Tiberis Digital's stake would rise from 43.2% to 44.8% as a result. BDPST acquired a 57% stake in Gránit Bank a year ago.

The bank said a Q1-Q3 after-tax profit of HUF 8 bln was placed into profit reserves.

Éva Hegedüs, Gránit Bank's chairman-CEO, and minority owner, told shareholders that the lender's pre-tax profit is expected to climb to more than HUF 12 bln, while its balance sheet comes close to HUF 1 trillion.

She added that the growth of both deposit and lending stock beat the average for the sector.

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