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.

Similar Stories:

Hungary reports second highest inflation rate in EU in July
At 3.3 percent, Hungary had the second highest annual inflation rate in the EU in July, ac  »
Hungarian debt falls to 68.7% of GDP in Q2
Hungary’s state debt fell to 68.7 percent of the country’s GDP at the end of June, acc  »
BCR relocating to Business Garden Bucharest
The Romanian Commercial Bank (BCR) has leased 14,000 sqm at Business Garden Bucharest and  »
OTP Bank named best digital bank in Hungary
Global Finance has named OTP Bank the best digital bank in Hungary. This is the third time  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »