MKB booked HUF 8.5 bln in "COVID-19 risk costs" for the year. Adjusted provisions came to HUF 1 bln.
Net interest income fell 12% to HUF 36.1 bln and net revenue from commissions and fees dropped 14% to HUF 23.6 bln.
The lender's cost-to-income ratio climbed 12.5 percentage points to 63.6%.
MKB had total assets of HUF 2.227 trillion at the end of 2020, up 19% from twelve months earlier. The gross stock of client loans increased 9% to HUF 1.061 tn and deposit stock rose 10% to HUF 1.489 tln.
MKB is part of an ongoing tie-up with Budapest Bank and MTB Magyar Takarékszövetkezeti Bank that will create Hungary's second-biggest commercial lender: Magyar Bankholding.
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