Financial Companies' Profits Fall 6% in Q1-Q3

Figures

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The after-tax profit of financial companies under the supervision of the National Bank of Hungary (MNB) fell 6% to HUF 80 billion in Q1-Q3 from the same period a year earlier, State news wire MTI reports, citing data published on Tuesday.

The net interest revenue of the companies rose 6% to HUF 119.5 bln. Net revenue from commissions and fees reached HUF 5.7 bln. Income from "other business activities" fell 15% to HUF 52.1 bln.

Operating costs rose 9% to HUF 98.8 bln. 

There were 241 financial companies under the MNB's watch at the end of September, the report notes.

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