Erste Bank's profit hit HUF 150 billion, while Granit Bank's reached HUF 19.2 billion, as announced on Thursday.

Erste Bank Highlights

Net interest revenue rose 4% to HUF 199.4 billion, with commissions and fees up 18% to HUF 142.5 billion.

ROE improved to 23.6%, client loans grew 11% to HUF 2,737 billion, and retail lending surged 19% with strong mortgage demand.

Corporate lending stabilized, NPL ratio fell to 1.6%.

Granit Bank Highlights

Total assets climbed 12% to HUF 1,785 billion, outperforming peers with an NPL ratio of just 0.2% versus the sector's 2.1%.

Cost-to-income ratio stood at 38.2%, below the 45.3% average.

Expansion included 11,000 new Romanian accounts and plans for Spain.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

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