Gránit Bank's After-Tax Profit Rose to HUF 10.6 Billion

Gránit Bank closed the first half of the year with an after-tax profit of HUF 10.6 billion, compared to HUF 8.4 billion a year earlier. The financial institution attributes its results to significant expansion in business activity, cost efficiency, the quality of its loan portfolio, and dividend income received, according to a flash report published late Monday evening on the Budapest Stock Exchange (BSE) website.

They added that Gránit Bank's total assets amounted to HUF 1,599 billion at the end of June, which is 10.8% higher than at the end of June last year and 0.1% higher than at the end of last year. The ratio of non-performing loans was 0.11% at the end of June this year.

Gránit Bank's gross loan portfolio, excluding accrued interest, was HUF 892 billion, up 55.8% compared to the first half of last year.

Customer deposits amounted to HUF 1,186 billion at the end of the first half of this year, which is 12% higher than a year earlier.

Net interest income was HUF 15.7 billion at the end of June 2025, of which interest income amounted to HUF 50.2 billion and interest expense amounted to HUF 34.5 billion. Net commission income amounted to HUF 0.93 billion, which included HUF 0.64 billion in transaction fee expenses.

The gross portfolio of corporate and institutional loans was HUF 831 billion, representing an annual growth of 57.9 percent, compared to 1.3% for the banking sector as a whole. The bank's corporate deposit portfolio amounted to HUF 991 billion at the end of the first half of 2025, up 9.2% on a year earlier and more than double the banking sector average of 4.3%.

At the end of the first half of this year, Gránit Bank had nearly 240,000 retail customer accounts, representing a 31.6% increase compared to a year earlier. The retail customer loan portfolio rose to HUF 61 billion in one year, an increase of 31.1% compared to the banking sector's 12% growth.