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MFB expects Ft 25 bln pre-tax profit in 2005

The Hungarian Development Bank (MFB) Rt expects to end 2005 with pre-tax profit of Ft 25 billion-Ft 25.5 billion, well over the Ft 9.51 billion target, CEOs János Er?s and Sándor Czirják announced on Monday. MFB expects to close the year with total assets of Ft 797 billion-Ft 800 billion, also more than the Ft 671.97 billion projected earlier. Last year, MFB had pre-tax profit of Ft 12.78 billion and total assets of Ft 605.78 billion.