MKB Q1-Q3 Earnings Climb 16%

Banking

Wikimedia Commons/Globetrotter19

Consolidated after-tax profit of MKB Bank rose 16% year-on-year to HUF 92.6 billion in Q1-Q3, an earnings report released on Tuesday shows.

Net interest income climbed 92% to HUF 286.1 bln and net revenue from commissions and fees edged up 3% to HUF 54 bln.

MKB had total assets of HUF 10.473 trillion at the end September, up 15% from 12 months earlier. The balance sheet was boosted by MKB's acquisition of the portfolio of failed Sberbank Magyarország.

The bank is part of a three-way tie-up, first announced in 2020, to create Hungary's second-biggest lender.

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