Takarék Mortgage Bank Balance Sheet Expands 18%

Banking

Total assets of Takarék Mortgage Bank, a member of Magyar Bankholding, stood at HUF 758 billion at the end of June, up 18% from 12 months earlier, the lender said in a first-half earnings report, state news wire MTI reports.

Takarék Mortgage Bank's gross loan book grew 13% to HUF 382 bln. Stock of refinanced mortgage loans increased 18% to HUF 349 bln.

First-half net interest income rose 28% to HUF 2.9 bln from the same period a year earlier. After-tax profit came to HUF 0.9 bln.

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