Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
Lenders’ net interest income rose 7% to HUF 1.836 trillion, while net revenue from commissions and fees edged down 3% to HUF 929 bln.
Banks’ return on equity stood at 11.8%, down 4.3 percentage points from the base period.
The sector’s total assets reached HUF 105.255 tln at the end of June, rising 7% from 12 months earlier. The lending stock increased 8% to HUF 59.132 tln, while deposits climbed 6% to HUF 78.561 tln.
The nonperforming loan ratio was unchanged year-on-year at 2.1%.
The five largest lenders accounted for 74.1% of total assets, while the 10 biggest controlled 92.4% of the market. Domestic ownership in the sector stood at 67.1%.
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.
