MBH Bank’s outstanding loan stock rose 18%, above the sector average, to HUF5.9 trillion (€14.3bn) in the first nine months, while deposits grew by 16.3% to over HUF7.6 trillion, Hungary’s second-largest lender said on November 28.

Lending activity was driven by demand for retail loans, up by a third to HUF2.3 trillion. Mortgage loan outlay saw a fivefold sales increase during the third quarter, raising MBH Bank's market share in this segment from 9% to 27 and MBH saw a two-fold increase in new personal loan disbursements.

The corporate loan portfolio grew by 10% to HUF2.95 trillion by the end of September.

Retail deposits climbed 27.4% and corporate deposits were up by 16.4% during the period.

MBH Bank was created from the merger of three mid-sized banks, MKB Bank, Takarekbank, and Budapest Bank to become the second-largest commercial bank behind OTP with HUF12.3 trillion in assets at the end of September, up 15% y/y.

Adjusted pre-tax profit for the first three quarters decreased by 18.7% y/y to HUF221bn, while the adjusted ROE exceeded 23%.

The bank’s capital adequacy ratio stood at 20.7%, significantly above the regulatory minimum, providing a robust buffer for operations.

Despite the impact of a fluctuating interest rate environment, MBH maintained its growth trajectory through strong business performance across multiple segments, the company said.

MBH Bank aims to expand market share through the development of digital services and ongoing product modernisation for its 2.5 million clients, CEO Zsolt Barna was quoted as saying in the statement.