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HVBJ reports Ft 990 mln pre-tax profit for H1

HVB Mortgage Bank Rt (HVBJ) had Ft 990.4 million pre-tax profit in the first half of 2006, 1.9% less than in the same period last year, the bank announced in a flash report drawn up according to Hungarian accounting standards on Tuesday.

Total assets rose 10.3% in a year to the end of June to Ft 101.2 billion. The outstanding stock of mortgage bonds including interest obligation amounted to Ft 92.8 billion at the end of last month. HVBJ had coverage of Ft 103.8 billion and Ft 9.2 billion supplemental coverage at the end of June.