Takarék Mortgage Bank closes H1 with HUF 644 bln in assets

Banking

Takarék Mortgage Bank has published its first half-year report on the website of the Budapest Stock Exchange.

The financial institution closed the period with HUF 644 billion in assets, of which mortgage bonds were recorded at HUF 338.5 in its balance sheet.

Equity jumped to HUF 67.5 bln at the end of the period. The financial institution continued to operate with a modest interest margin of 0.63% in the first 6 months of the year, with net interest income increasing by 49% (annual) to HUF 1.95 bln.

The bank's expenses decreased significantly, so the cost-income ratio was reduced to 43.5%.

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