MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]
With the popularity of digital payment solutions, the use of cash continues to play a dominant role in everyday life, and in response to this demand MBH Bank will install ATMs at 55 Mol petrol stations, the companies' executives announced on Thursday at a handover ceremony at the Prielle Kornélia Street petrol station in Budapest's […]
Continuing the trend of previous years, Gránit Bank achieved growth above the sector average in 2024. The balance sheet total increased 3.5 times more than the banking sector average, and grew 229 times in 15 years, the Hungarian financial institution told MTI on Wednesday. Gránit Bank said in a statement that the bank and the […]
Erste Bank Hungary Plc. (EBH) will pay a dividend of HUF 110 billion to its sole shareholder, the Austrian Erste Group Bank AG, after its 2024 financial year, the Erste Bank Hungary Plc. announced on the website of the Budapest Stock Exchange on Tuesday. According to the published written shareholder resolution – passed on April […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
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 […]
Raiffeisen Bank Plc. closed last year with a consolidated profit after tax of HUF 115.9 billion, 12.3% higher than in 2023, the financial institution reported on the website of the Budapest Stock Exchange (BSE) on Monday. According to the statement, the biggest contributors to the increase in profit were a significant rise in commission income […]
The CIB Group's profit after tax increased by 14.1% to HUF 71.905 billion and its balance sheet total increased by 4.4% to HUF 3,463.21 billion in the financial year 2024, the banking group announced to MTI on Tuesday. According to the statement, the outstanding results provide a solid basis for CIB Group to significantly exceed […]
OTP Bank's consolidated adjusted adjusted profit after tax for the last quarter of last year was in line with the average expectations at HUF 249.735 billion, 17% higher than in the same period of the previous year, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Friday morning. The […]
Erste Bank Hungary Plc. closed last year with an improved profit profile, mainly due to the growth in the number of active customers and assets under management. Loan and bond volumes rose again in 2024, with new lending in retail loans up one and a half times, while corporate lending was 9% down on a […]
Based on the responses in in the latest quarterly Bank Sentiment Survey by the National Bank of Hungary (MNB), the banking system perceived a slight deterioration in the economic environment in 2024 H2. According to the banks, the tightening of the regulatory environment, the increase in operating expenses, the decrease in the level of profitability […]
OTP Bank has opened a mobile branch in Polgár, Hajdú-Bihar County, offering the same services as traditional cashless branches, the bank told MTI on Thursday. The bank decided to launch a mobile branch in another settlement due to the positive experience so far, they said. Although more and more people are settling simple transactions via […]
Gránit Bank has carried out the largest public offering of shares in Hungary in the last 25 years, the founder and CEO of Gránit Bank Plc., Éva Hegedüs said on Monday after the bank's shares were launched on the standard category of the Budapest Stock Exchange (BSE) with a symbolic bell. Éva Hegedüs stressed that […]
Peter Roebben, the current CEO of KBC Group's Bulgarian unit, will take over from Guy Libot as CEO of K&H Bank in Hungary on January 1, pending approval by the competent authorities, K&H Bank has told MTI. According to the statement, Peter Roebben started his career at KBC in 1991. Within the group, he has […]
Consolidated earnings at the Hungarian financial institution were HUF 826 billion profit after tax in January-September 2024 with an ROE of 24.9%; 3Q profit expanded by 19% q-o-q on the back of higher revenues and moderating impairments; 2% q-o-q organic increase in both performing loans and deposits, improving capital adequacy ratios. The Group’s cumulated profit […]
