MKB Bank reports 30% increase in profit for 2018

MKB Bank reports 30% increase in profit for 2018

Published at: 2019-05-02 11:06 | Author: CIJEurope.com
MKB Bank, the fourth biggest lender on the Hungarian market, reported an after-tax profit of HUF 25.1bn for 2018, up 30 percent from the previous year. Net lending stock increased by 4.3 percent to HUF 895.2bn, while non-performing loans fell to 5.8 percent. Operating costs increased by 8.4 percent to HUF 50.6bn. MKB is poised to pay HUF 4.8bn in dividends on its 2018 earnings. The bank is getting ready to float shares on the Budapest Stock Exchange, with Chairman-CEO Adam Balog suggesting that between 20 to 30 percent of the lender’s shares will be placed.

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