Takarék Group balance sheet expands 41% in 2020

Banking

Total assets of Hungary's Takarék banking group rose 41% to HUF 3.632 trillion last year, the lender said, according to state news wire MTI.

Gross stock of client loans increased 12% to HUF 1.675 tln. The stock of client deposits climbed 20% to HUF 2.176 tln.

Client numbers rose by 66,000 to more than 1.2 million.

Takarék, Budapest Bank, and MKB Bank are in the process of merging together into Magyar Bankholding, which will become the second-biggest commercial lender in Hungary.

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