Net interest revenue climbed 62% to HUF 817 bln, and net income from commissions and fees increased 18% to HUF 309 bln. Operating costs rose 69% to HUF 867 bln.
The data shows a positive HUF 104 bln on the "other income" line, up from zero in the base period. The MNB said the sector's "other income" had been "significantly affected" by the one-off positive impact of an acquisition abroad by a Hungarian banking group.
OTP Bank, Hungary's biggest commercial lender, earlier noted a HUF 103 bln badwill impact of its acquisition of Slovenian peer Nova KBM in its first-quarter earnings report.
Lenders' total assets came to HUF 85.376 tln at the end of March, up 17% from 12 months earlier. Lending stock edged up 1% to HUF 47.89 tln. The non-performing loan ratio fell to 3% from 3.2% during the period.
The stock of deposits increased 14% to HUF 67.636 tln.
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