MBH Group After-tax Profit Doubles in 2023

Banking

After-tax profit of MBH Group, Hungary's second-biggest commercial lender rose 101% to HUF 183.2 bln in 2023, an earnings report released on Thursday shows.

Net interest income, adjusted for one-offs, rose 35pc to HUF 569.6bn. Net revenue from commissions and fees increased an adjusted 13% to HUF 93.8 bln.

MBH booked HUF 65.9 bln in payments on the bank levy and the windfall profit tax.

MBH had total assets of HUF 11.107 tln at the end of December, up 5% from 12 months earlier. Gross stock of client loans edged up 3% to HUF 5.171 tln and deposit stock rose 6% to HUF 6.957 tln.

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