Investment companiesʼ Q2 profit jumps 48%

Telco

Investment companiesʼ net profit rose 48% year-on-year to HUF 2.63 billion in Q2, data released by the National Bank of Hungary shows.

Income from investment service activities increased 31% to HUF 13.86 bln. Operating profit rose 10% to HUF 5.91 bln.

Total assets of investment companies stood at HUF 287.8 bln at the end of June, down 9% from 12 months earlier. Forint-denominated assets fell 14% to HUF 185.6 bln and FX-denominated assets rose 3% to HUF 102.4 bln.

The capital adequacy ratio of the companies was 14.98% at the end of June, down from 16.18% the same period in 2017.

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