Budapest Bank closed its last independent year with an annual profit of 6 billion
A Budapest Bank
- Net income increased by almost 15% in 2021, approaching HUF 90 billion
- net interest income increased by almost a third, by more than HUF 15 billion, to HUF 60 billion.
To the member bank of the Hungarian Bankholding
- its total loan portfolio increased by 15.5% to HUF 1.21 billion,
- its deposit portfolio increased by 15.2% to HUF 1,601 billion,
- balance sheet total increased by 7% to HUF 2,530 billion
rose.
The bank also expanded its retail and corporate loan portfolio in 2021.
Antal Martzy, Deputy Chief Financial Officer of Magyar Bankholding and MKB Bank, said that MKB Bank, as the host bank of Budapest Bank, had one of the most successful years of record numbers, while Budapest Bank had a challenging external environment. however, it was also able to surpass the preliminary plans, so they will confidently implement the March 31 merger of the two financial institutions with significant capital strength. More details about the introduction:
Budapest Bank and MKB Bank will merge on March 31 in the framework of a triple bank merger managed by Magyar Bankholding, the aim of which is to build the most modern Hungarian-owned financial institution in the country. On March 24, MKB Bank published its fourth quarter report for 2021:
MKB Bank will become the second largest domestic financial institution in several respects in 66 respects: it will be present in 66 cities, with a total of 143 bank branches and 184 ATMs. They are ready to make retail and corporate payments with their debit bank cards at nearly 1,100 locations nationwide, and in addition to the merged MKB Bank, they can also withdraw cash from Takarékbank’s ATMs for the same fee as their own ATM ATM withdrawal fee, they announced.
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