MBH Bank owned by PM Orbán’s close friend, the wealthiest Hungarian, had a very prosperous 2024

MBH Bank’s balance sheet expanded significantly in 2024, while its financial results were outstanding, deputy-CEO Péter Krizsanovich said at a press conference after the lender released fourth-quarter earnings on Friday.

Krizsanovich said the results were in line with the bank’s strategic targets and reflected its position as a market leader in the sector. After-tax profit rose 12pc to HUF 205.9bn in 2024, MBH Banks earnings report shows. Adjusted for the impact of the bank levy and windfall profit tax, after-tax profit slipped 3pc to HUF 236.0bn.

Net interest income fell 10pc to HUF 511.6bn and net revenue from commissions and fees rose 12pc to HUF 105.0bn, after adjustments. MBH Bank had total assets of HUF 12,504.7bn at year-end, 13pc more than twelve months earlier. Gross stock of client loans climbed 18pc to HUF 6,120.6bn. Retail loans jumped 37pc to HUF 2,383.9bn and corporate lending stock rose 7pc to HUF 3,044.7bn.