PSzÁF: HUF 36 billion in lender profits
Financial market regulator PSzÁF reported an after-tax profit of HUF 35.9 billion for Hungary-based lending institutions in the first half of 2013, though an overall loss was taken in the second quarter.
PSzÁF statistics released on Friday showed that lenders’ combined profit was HUF 79.4 billion in the first quarter, due primarily to “extraordinary performance” from an unnamed bank, but a HUF 43.5 loss in the second.
According to PSzÁF, branch banks and savings cooperatives showed an overall profit in the April-June period nevertheless.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
