MBH Bank H1 2025 Adjusted Pre-Tax Profit Over HUF 111 Bn

MBH Bank closed the first six months of this year in a solid financial position: its balance sheet total was HUF 12,452 billion at the end of the half-year, and thanks to active lending, the gross retail loan portfolio grew by 10% and the gross corporate loan portfolio by 5.1% compared to the same period last year. The banking group achieved an adjusted pre-tax profit of more than HUF 111 billion in the first half of this year, with an adjusted return on equity of 16.4%, the credit institution said in its summary compiled on Thursday, based on its stock exchange report.

The banking group's financial results were affected by increased operating costs due to IT developments.  According to a statement sent to MTI, in the first six months of this year, total assets increased by 6.3% to HUF 12,452 billion, while equity increased by 2.9% to HUF 1,141 billion.  The company's capital adequacy ratio rose from 19.3% in the base period to 21.3%.

The company's capital adequacy ratio rose from 19.3% in the base period to 21.3%, while the Common Equity Tier 1 (CET1) ratio increased by 0.5 basis points to 18.3% over the year. The adjusted return on equity (ROAE) was 16.4% at the end of the first half of the year, compared to 26.1% a year ago.

Net interest income (adjusted) was HUF 236 billion, down 11.7% from the same period last year, while net commission income (adjusted) rose 6.9% to HUF 48.9 billion.

MBH Bank has so far accounted for more than HUF 43.2 billion in bank tax and extra profit tax in the first two quarters, following HUF 33.2 billion last year, the company said.

The company's gross loan portfolio increased by 7.0% to HUF 6,205 billion, while the gross retail loan portfolio increased by 10% to HUF 2,479 billion.

The closing balance of retail housing loans was HUF 1,455.4 billion, which represents an increase of HUF 189.2 billion compared to the same period last year and HUF 35.1 billion compared to the first quarter. The gross corporate loan portfolio amounted to HUF 3,039.5 billion, representing an annual increase of 5.1%.