Q3 2022 Financial Performance Review
MKB
BANK
Business Performance
☐
☐
Highlights of Q3 2022
Executive Summary - KPIs
Financial performance indicators Q3
Total assets dynamically increased to HUF 10.940 bn in 3Q 2022, besides the
organic, also due to the acquisition of the Sberbank portfolio.
(⇓
y/y 9/9 介)
( ⇓
y/y
9/9
↑)
As a result of the merger of MKB Bank and Budapest Bank, synergies were
already realized, as Budapest Bank had a traditionally strong market position
in various segments, especially in corporate. The clients of the merged banks
now have access to a unified, but broader range of products, which the
merged bank aims to further optimize in order to realize additional synergies.
In addition to organic growth, the successful acquisition of the Sberbank
portfolio on 1 August 2022 had a determinate impact on the Bank's loan
growth. The acquired assets fits well into the Bank's portfolio: the retail
business is dominated by personal loans and baby loans, while the corporate
business is dominated by SME loans. The Sberbank portfolio further
strengthen the Group's market position.
MKB Bank, after the merger could successfully not just maintain but acquire
new customer deposits, which grew by 13.1% during the last 12 months,
mainly attributable to the improving saving capability of both corporate and
household segments due to the moratorium as well as NBH and government
measures. LTD ratio increased as a result of more rapidly growing loan
portfolio than the expanding deposit base.
The RWA/TA ratio slightly decreased to 37.5% (1.8%-point decrease q/q) due
to the significant increase of financial assets.
TOTAL ASSETS
HUF 10,939.8 bn
NET CUSTOMER LOAN
HUF 4,839.8 bn
16,0%
8,2%
CUSTOMER DEPOSIT
17,1% ; 7,4%
EQUITY CAPITAL
HUF 755.3 bn
HUF 6,491.5 bn
13,1%
3,6%
RWA/TA
37.5%
8,7%
;
3,8%
-2,6%
; -1,8%
Risk%
0.74%
GOI/RWA
1,0%-pt ; 2,1%-pt
11.8%
2,3%-pt ;
0,3%
Total equity increased by 3.8% compared to the Q2 2022 due to the increasing
net income, resulting in a CAR of 16.3% (+0.1%-pt y/y), which provides strong
capital position for the merger process.
LTD
77.6%
DPD90+
1.68%
↑
↑
2,4%-pt ; 3,6%-pt
-1,8%-pt ; -2,1%-pt
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