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Erste books EUR 95 mln H1 net income in Hungary

MNB

Austriaʼs Erste Group booked net income of EUR 95 million at its business in Hungary in the first half, down 6% year-on-year, shows an earnings report released Friday, according to state news wire MTI.

Net interest income rose 12% to EUR 98.8 mln, supported by Erste Bank Hungaryʼs acquisition of Citibankʼs former retail portfolio.   

Net revenue from commissions and fees increased 13% to EUR 77.3 mln on the back of higher card and distribution fees in the retail segment, also supported by the former Citibank portfolio.

Impairment was more than halved to EUR 32.6 mln.   

Erste booked EUR 34.3 mln on the bank levy, financial transaction duty and contributions to the National Resolution Fund, down 10% from the base period.

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