Budapest Bank H1 performance weakens
Wednesday, August 3, 2005, 13:41
According to its preliminary report, Budapest Bank (BB) Rt's after-tax profit in June will be less than a year before, due to external reasons and a nearly Ft 2 billion internal development, Napi Gazdaság reported. However, president-CEO Mark Arnold is satisfied with the bank's performance, because they were able to increase their market sharein crucial areas. The number of credit cards grew 300%, leasing activity rose by 30% and mortgage loans by 40%. The bank's new product, the debt managing loan did not fail despite the scepticism it met, and played a significant role in the expansion. BB plans to open 15 new branches and 20 new credit points.