Financial Companies' Profits Fall 15% in H1

Figures

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The after-tax profit of financial companies under the supervision of the National Bank of Hungary (MNB) fell 15% to HUF 50.8 billion in the first half of the year from the same period a year earlier, state news wire MTI reports, citing data published on Monday.

The net interest revenue of the companies rose 7% to HUF 77.7 bln.

Net revenue from commissions and fees reached HUF 3.7 bln. Income from "other business activities" fell 27% to HUF 33.5 bln.

Operating costs rose 11% to HUF 69.6 bln, the report notes.

The findings are based on data collected from 240 companies.

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