MBH Group Concludes Successful Year

MBH Bank held its Annual General Meeting, at which shareholders approved the individual and consolidated financial statements of the bank prepared in accordance with International Financial Reporting Standards, as applicable for 2024 and voted on the other items on the agenda, the bank has announced.

The report says the company's year 2024 was in line with its strategic objectives and as a result, last year was a successful year both in terms of profitability and in strengthening the Bank's market position.

At the General Meeting, the shareholders approved the company’s individual and consolidated financial statements for 2024, prepared in accordance with the International Financial Reporting Standards (IFRS). Based on the previously published results, MBH Bank’s financial indicators further strengthened in 2024: following a 12.6% increase, the consolidated balance sheet total of the banking group amounted to nearly HUF 12,505 billion by the end of the year. The deposit portfolio grew by 15.7%, while the gross loan portfolio rose by 18.4% year-on-year. The financial institution achieved an adjusted profit before tax of HUF 277 billion, and its equity exceeded HUF 1,139 billion. The results are in line with MBH Bank’s strategic objectives and reflect its leading role in the Hungarian banking sector.

"The results of 2024 confirm the success of our strategy: we have further strengthened our business positions and increased our efficiency. Last year was clearly a year of building, and this year continues in a similar spirit, as we will continue to capitalize on the many potentials inherent in MBH Bank. Our goals are ambitious, but based on our operational performance so far, they are absolutely realistic. We are committed to continuing to shape the market as a key player in the banking sector, and to providing solutions for every life situation through our services" Dr. Zsolt Barna, Chairman and CEO of MBH Bank said at the General Meeting.

The General Meeting also approved the Board of Directors’ report on the company’s business policy for the year 2025, as well as the 2024 Responsible Corporate Governance Report. In addition, the General Meeting adopted the proposal regarding the appropriation of profit and the payment of dividends. Accordingly, the company will pay a dividend of HUF 123 per share, totalling HUF 36,893,697,234 from the annual profit. Based on Resolution No. 201/2024 of the Board of Directors, an advance dividend payment of HUF 22,899,603,375 was made with a starting date of October 28, 2024. Based on the company’s proposal and the resolution of the General Meeting, the dividend will be paid to shareholders in two instalments following the start date of the dividend payment. The starting date for dividend payment is May 21, 2025. The remaining portion of the distributable profit will be allocated to retained earnings.