Erste closed the first half of the year with a profit of more than 69 billion forints

By: Trademagazin Date: 2025. 08. 06. 10:48

Erste Bank Hungary Zrt. closed the first half of the year with an operating income of HUF 187.5 billion and an after-tax profit of HUF 69.2 billion, said Jelasity Radován, Chairman and CEO of the company, at a press conference on Wednesday.

In a year-on-year comparison, operating income increased by 6 percent, while profit after tax decreased by 7 percent. Operating profit exceeded HUF 123.5 billion, which is 3 percent higher than in the same period last year. The development of the profit was significantly influenced by the increase in operating costs, which can be explained by wage increases, staff increases and higher administrative expenses.

At the same time, fee and commission income is 23 percent higher, reaching HUF 68.6 billion, thanks to the increase in transactions and the increase in transaction fees. Interest income increased by 2 percent, the decrease in interest was offset by the increase in deposits, the amount thus reaching 98.8 billion forints

– the company’s CEO announced.

Retail client assets under Erste’s management increased by 11 percent to 6,911 billion forints, the proportion of investments within savings is 71 percent, and their amount increased by 9 percent in one year. The loan and bond portfolio increased from 2,428 billion forints to 2,565 billion forints, and new retail placements increased from 139 billion forints to 198 billion forints. The amount of new corporate loans decreased from 98 billion forints to 96 billion forints, but this is a smaller decline than half a year ago.

Retail loan portfolio increased by 13 percent to 1,444 billion forints. The amount of new mortgage loans increased from HUF 67 billion to HUF 90 billion, personal loans from HUF 45 billion to HUF 69 billion, while subsidized loans increased from HUF 19 billion to HUF 31 billion, which is almost 50/50 divided between baby loans and workers’ loans – said László Harmati, Deputy CEO for Retail.

The Deputy CEO responsible for corporate and financial markets stated that the corporate bond and loan portfolio decreased by 4 percent to HUF 1,075 billion, but within the new disbursements, the amount of small and medium-sized enterprises increased from HUF 28 billion to HUF 64 billion.