Are you sure?

Profit shrinks at National Deposit Insurance Fund

The National Deposit Insurance Fund (OBA) reported revenue from memberships of HUF 2.46 billion in 2010, up from HUF 2.3 billion in 2009, though its retained profit fell 57% to HUF 5.7 billion in the same period, the business daily Napi Gazdaság reported on Thursday.

The fund has to pay compensation of HUF 3 billion for clients of the General Transport Credit Association after it folded. Its yield on accumulated membership revenue slumped to HUF 7 billion in 2010 from HUF 12.53 billion in 2009, Napi Gazdaság reported.