Banks' net interest revenue increased 11% to HUF 770 bln, while net revenue from commissions and fees climbed 10% to HUF 441 bln.
Provisions and write-downs came to HUF 38 bln in H1, a fraction of the HUF 251 bln in the base period.
Total assets of the banking sector came to HUF 63.765 trillion at the end of June, up 16% from 12 months earlier. Lending stock increased 13% to HUF 39.817 tln and stock of deposits rose 17% to HUF 51.920 tln.
In the loan book, the NPL ratio stood at 3.4%, down from 4% a year earlier.
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.
