Net interest income, adjusted for one-offs, climbed 48% to HUF 11.5 bln. Adjusted net revenue from commissions and fees fell 8% to HUF 5.5 bln.
MKB Bank booked a net revaluation gain of HUF 17.6 bln in Q1, improving from a net revaluation loss of HUF 4.9 bln in the base period.
MKB had total assets of nearly HUF 2.997 trillion at the end of March, up 48% from 12 months earlier. The stock of client loans increased 7% to HUF 1.136 tln. Client deposits rose 33% to almost HUF 1.817 tln.
The bank's NPL ratio fell 1.37 percentage point to 2.54% during the period.
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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