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Cetelem reports Ft 4.7 bln pre-tax profit

Magyar Cetelem Bank Rt. had Ft 4.7 billion pre-tax profit in 2004, Ft 800 million more than in 2003, CEO János Lendvai said. The bank extended new loans totaling Ft 45.4 billion last year and had more than 600,000 clients at the end of December. Its total stock of loans was Ft 60 billion at the end of the year.