Erste Hungary Manages Over HUF 10 Tn in Client Assets

At the end of September, the Erste Group in Hungary managed over HUF 10 trillion in client assets, with the total value of retail investments and deposits exceeding HUF 7 trillion, Erste told MTI on Wednesday.

According to the information provided, Erste's operating income in the first nine months of 2025, based on statements prepared in accordance with International Financial Reporting Standards (IFRS), increased by 5% compared to a year earlier, with net interest income rising by 1% and fee and commission income increasing by 21%.

Operating expenses rose by 11% compared to the previous year, driven by increases in personnel costs and other administrative expenses.

Erste's operating profit was nearly HUF 187 billion, slightly exceeding the nearly HUF 183 billion achieved in the first nine months of 2024. Profit after tax was HUF 113 billion, which is essentially the same as the result for the same period last year, they said.

They noted that the portfolio of customer loans and bonds at the end of September was 5% higher than a year earlier. The volume of new financing increased significantly, by 37%, compared to the same period last year. The ratio of non-performing loans fell to 1.7% at the end of September from 2.3% a year earlier. The ratio of non-performing retail loans improved to 2.0% from 2.6% at the end of September 2024 and 2.2% in the first half of this year. The ratio of non-performing corporate loans fell to 1.3% from 2.0% a year earlier, but was 1.2% in the middle of the year.

The total retail loan portfolio grew by 13% in one year, with new loans 41% higher than a year earlier. New mortgage lending exceeded the performance for the first nine months of 2024 by 30%. New personal loan disbursements rose by 59%, while lending to small businesses fell by 0.2% compared to a year earlier, they said.

The total customer assets managed by the Erste Group in Hungary exceeded HUF 10,000 billion at the end of September. Within this, the total value of retail investments and deposits grew by 15% in one year, rising to more than HUF 7,000 billion by the end of the third quarter. Within retail savings, the proportion of investments was 71%.

At Erste, invested and managed assets grew by 17% compared to a year earlier by the end of September 2025, reaching HUF 5,900 billion. The private banking business managed assets of HUF 1,400 billion at the end of the third quarter. The asset value of investment funds managed by Erste exceeded HUF 3,399 billion,
according to the announcement.

They added that in the corporate sector, the combined bond and loan portfolio decreased by 4% over the year, reaching HUF 1,053 billion at the end of September. At the same time, the volume of new corporate bonds and loans exceeded the performance of the first nine months of 2024 by 31%. In the case of small and medium-sized enterprises, new placements at the end of the third quarter were 130% higher than a year earlier. Disbursements for commercial real estate decreased by 26%, while those for large companies and municipalities were 19% lower than a year earlier.