MBH Bank: A Profit of HUF 236 Billion Last Year

MBH Bank Plc. achieved outstanding financial results in 2024, with significant growth: its balance sheet total increased by 12.6% to HUF 12,504.7 billion, and its adjusted profit after tax remained stable at HUF 236 billion, Péter Krizsanovich, Deputy CEO of the bank responsible for strategy and finance, said at a press conference in Budapest on Friday.

He added that the banking group performed exceptionally well in all key indicators, with gross loans up 18.4% to HUF 6121 billion. Customer deposits grew by 15.9% year-on-year to HUF 8,064 billion. The results are in line with MBH's strategic objectives and reflect its leading role in the domestic banking sector, he said.

Revenues stagnated at HUF 634 billion last year, while operating expenses grew 12.7% year-on-year to HUF 316.1 billion, with an annual cost-to-income ratio of 49.9%, he said. The capital adequacy ratio was stable at 19.6% at the end of the last quarter last year, down 2.5 percentage points, while MBH Group's adjusted return on equity (ROE) for 2024 was 21.2%, he said.