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MNB Investment Companies' Profit up 35%

MNB

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After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in Q1-Q3, according to data published by the central bank and financial market regulator on its website this week.

Profit from investment services fell 11% to HUF 35 bln.

Profit from financial transactions jumped 121% to HUF 37.3 bln.

Payroll costs rose 12% to HUF 10.7 bln.

The data covers 10 investment companies.

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