CIB Bank Q1 after-tax profits increase 30% yr/yr
CIB Bank Rt had after-tax profit of Ft 6.5 billion in the first quarter of 2006, 30% more than in the same period a year earlier, CEO László Török announced on Monday.
Total assets at the end of March were Ft 1,560 billion, 25% more than twelve months earlier. In terms of total assets, CIB Bank had an 8.4% share of Hungary's market, up from 8.1% a year earlier.
CIB Bank's share of the corporate lending market rose to 13.1% from 12.7% during the period, and its share of corporate deposits rose to 10.2% from 9.6%.
The bank's share of the retail lending market rose to 4.5% from 3.5%, and its share of the retail deposit market rose to 6.3% from 6.1%.
CIB Bank has almost 500,000 clients, which it serves at 100 branches around the country, Török said.
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