Published: March 07 2023
Summary: According to data from the National Bank of Hungary (MNB), Hungarian banks recorded a net profit of HUF 833bn ($2.6bn) for CY2022, up 3.6% YoY, accounting for both profit at both domestic and foreign operations. However, the non-consolidated profit of banks was only HUF 485bn, which was down 5.7%. Additionally, the MNB found that the increase in lending stopped in the last quarter of 2022, with a 20% rise in loans granted throughout the year. While corporate loans rose by 16%, household loans only rose by 3.5%, leading to an increase in receivables for the central bank.
Key Points:
- Hungarian banks recorded a net profit of HUF 833bn ($2.6bn), up 3.6% YoY.
- Non-consolidated bank profit was only HUF 485bn, declining 5.7% YoY.
- Lending stopped in the last quarter of 2022.
- Corporate loans rose 16%, whereas household loans only rose by 3.5%.
- There is an increase in receivables for central banks.
Source article:
This summary was created using AI, so there may be some inaccuracies. Always check the original linked article to be sure.
