Provisions Push Banking Sector Earnings Down 97% in Q1

2020. július 10.

MTI Econews / Budapest Business Journal

Consolidated net earnings of the Hungarian banking sector reached HUF 3 billion in Q1, dropping to just 2.7% of the HUF 125 bln figure a year earlier because of large write-offs and provisioning against the impact of the coronavirus pandemic, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB). More...