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MNB has H1 profit of HUF 51.7 bln

MNB

MNB headquarters in Budapest (Image by Jessica Fejos)

The National Bank of Hungary (MNB) had first-half profit of HUF 51.7 bln, the central bank said on Friday, according to a report by Hungarian news agency MTI.

The MNB attributed the favorable profit figure to lower interest expenditures resulting from the loosening cycle, as well as measures that pushed out banking sector liquidity from central bank sterilization instruments and into government securities. 

Last year, the MNB had profit of HUF 95 bln.

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