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The banking group’s adjusted return on equity stood at 12.2% at the end of the first half. Its gross customer loan portfolio increased by more than HUF 132 bln year-over-year, while the capital adequacy ratio rose to 20.9%.
MBH Bank said its profitability was significantly affected by government-imposed charges totaling more than HUF 150 bln during the first six months of the year.
Shareholders’ equity reached HUF 1.237 trillion at the end of the first half, up 8.4% year-over-year, while the banking group’s total assets rose 3.8% to HUF 12.926 tln.
“Despite the volatile international economic environment and the impact of special taxes, we closed the first half of the year with stable results. Alongside the costs of our developments and acquisitions, the benefits of these investments are already becoming visible,” said Zsolt Barna, chairman and CEO of MBH Bank.
“Building on these investments and our stable capital position, we will continue to pursue the strategy we have embarked on, with the aim of continuing to grow and further improving our profitability. In the second half of the year, we will continue working to ensure that our developments and solutions enable us to serve Hungarian households and businesses across the broadest possible range of needs,” he added.
During the first half, MBH Bank paid HUF 80.7 bln in banking tax and extra profit tax, as well as more than HUF 45.7 bln in transaction tax. The interest rate cap resulted in a further HUF 23.8 bln loss for the banking group.
The combined burden of these measures pushed the banking group’s accounting profit after tax into negative territory, prompting further efforts to strengthen business performance, optimize costs and improve efficiency.
The banking group’s gross customer loan portfolio reached HUF 6.337 tln at the end of the first half, increasing by more than HUF 132 bln over 12 months.
The retail loan portfolio rose 2.5% during the second quarter to HUF 2.662 tln at the end of June and was up 7.4% year-over-year.
The corporate gross loan portfolio declined 2.1% from the previous quarter to HUF 2.977 tln, reflecting a more selective approach to new large corporate lending. The leasing portfolio increased 5.9% year-over-year to HUF 637.8 bln.
Personal loan disbursements rose 19% in the second quarter compared with the previous three months, while new personal loan contracts totaled HUF 50.8 bln, up 21% from a year earlier.
New housing loan contracts reached HUF 121.7 bln in the second quarter, 36.1% more than in the same period of 2025. In the first half as a whole, MBH Bank contracted HUF 220.4 bln in new housing loans.
Customer deposits stood at HUF 7.752 tln at the end of the second quarter.
The quarterly decline partly reflected an 8% appreciation of the forint, which reduced the reported value of the deposit portfolio by around HUF 130 bln because of the high share of foreign-currency deposits.
MBH Bank also noted that corporate deposit campaigns and one-off central government payments had boosted deposit volumes at the end of 2025 and in the first quarter of 2026, with some of those funds subsequently withdrawn or used.
The banking group’s loan-to-deposit ratio stood at 81.8% at the end of the first half, 3.5 percentage points higher than a year earlier, while its liquidity coverage ratio was 145%.
Customer deposits exceeded outstanding loans by more than HUF 1.4 tln, the bank said.
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