By Helgi Library - September 23, 2018
Budapest Bank's net interest margin amounted to 3.85% in 2017, down from 4.18% compared to the previous year. Historically...
By Helgi Library - September 23, 2018
Budapest Bank's customer loans reached HUF 670,672 mil in 2017, up 13.5% compared to the previous year. Hungarian banking secto...
By Helgi Library - September 23, 2018
Budapest Bank made a net profit of HUF 14,600 mil in 2017, up 11.8% compared to the previous year. This implies a return on equi...
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By Helgi Library - September 23, 2018
Budapest Bank's cost to income ratio reached 66.5% in 2017, up from 64.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 77.1% of income in 2005 and an all time low of 51.7% in 2010. When compared to total assets,...
By Helgi Library - September 23, 2018
Budapest Bank's loans reached HUF 747,041 mil in the 2017, up from HUF 683,374 mil compared to the previous year. Historically, the bank’s loans reached an all time high of HUF 799,949 mil in 2008 and an all time low of HUF 403,253 mil in 2005. In the l...
By Helgi Library - September 23, 2018
Budapest Bank's mortgage loans reached HUF 162,649 mil in 2017, up 2.73% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,030 bil in 2017, up 3.67% when compared to the last year. Budapest Bank accounted for 5.37% o...
By Helgi Library - September 22, 2018
Budapest Bank's non-performing loans reached 11.0% of total loans at the end of 2017, down from 14.7% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.9% in 2014 and an all time low of 11.0% in 2017. Provision coverage a...
By Helgi Library - September 23, 2018
Budapest Bank employed 2,911 persons in 2017, down 0.103% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,511 persons in 2008 and an all time low of 2,383 in 2005. Average cost reached USD 2,585 per month per emplo...
By Helgi Library - September 23, 2018
Budapest Bank generated total banking revenues of HUF 76,599 mil in 2017, up 3.68% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last year. ...
By Helgi Library - September 23, 2018
Budapest Bank's customer deposits reached HUF 699,155 mil in 2017, up 2.18% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. Budapest Bank accounted for ...
By Helgi Library - September 23, 2018
Budapest Bank's consumer loans reached HUF 127,767 mil in 2017, up 3.01% compared to the previous year. Hungarian banking sector provided consumer loans of HUF 2,323 bil in 2017, up 7.63% when compared to the last year. Budapest Bank accounted for 5.42% o...
By Helgi Library - September 23, 2018
Budapest Bank generated total banking revenues of HUF 76,599 mil in 2017, up 3.68% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of HUF 99,267 mil in 2011 and ...
By Helgi Library - September 23, 2018
Budapest Bank's customer loan growth reached 13.5% in 2017, up from 10.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 34.3% in 2003 and an all time low of -13.3% in 2009. In the last decade, the average...
Budapest Bank Zrt. is a Hungary-based bank offering retail and corporate products and services. As one of the first commercial banks in the country, it offers comprehensive financial services to individual and business customers since the establishment of the two-tier banking system in 1987. GE (General Electric Company) became majority shareholder in the Bank in 2001. In line with the overall strategy of GE, Budapest Bank focuses on consumer finance. With over 100 branches and more than 2,800 employees, the Bank maintains approximately 3% of Hungarian banking assets.
Budapest Bank has been growing its revenues and asset by -0.912% and 4.91% a year on average in the last 3 years. Its loans and deposits have grown by 4.88% and 5.91% a year during that time and loans to deposits ratio reached 95.9% at the end of 2017. The company achieved an average return on equity of 11.3% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 66.5% in 2017, compared to 68.3% average in the last three years.
Equity represented 13.5% of total assets or 20.8% of loans at the end of 2017. Budapest Bank's non-performing loans were 11.0% of total loans while provisions covered some 92.6% of NPLs at the end of 2017.
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