Q3 2022 Financial Performance Review
310
330
31.12.2018
31.03.2019
350
370
390
30.06.2019
30.09.2019
31.12.2019
410
In Q3 2022, employment continued to expand
by 19,000 people, with annual GDP growth of
4.1% over this period.
Despite the continued monetary tightening,
annual inflation was already at 21.1% by the
end of October, with core inflation even higher.
The EURHUF exchange rate reached a new
historical low in Q3, with the rate typically
fluctuating between 390 and 415 HUF/EUR.
While corporate deposits rose, household
deposit growth was almost flat in Q3 2022.
10
0
-5
-10
-15
430
HUF/EUR rate
31.03.2020
30.06.2020
30.09.2020
31.12.2020
Average rate
31.03.2021
30.06.2021
30.09.2021
31.12.2021
31.03.2022
30.06.2022
30.09.2022
Rising inflationary pressures and geopolitical uncertainties are expected to curb domestic
MKB economic growth
BANK
External factors affecting the Bank's operations - Macroeconomics
16
15
14
13
12
11
10
298765
31.12.2018
31.03.2019
30.06.2019
30.09.2019
Deposits
GDP growth (y/y%) and employment
20
4,8
35
15
30
4,7
27
25
5
20
4,6
4,5
10
25
15
31.12.2018
31.03.2019
30.06.2019
30.09.2019
31.12.2019
31.03.2020
30.06.2020
30.09.2020
31.12.2020
31.03.2021
30.06.2021
30.09.2021
31.12.2021
31.03.2022
30.06.2022
30.09.2022
GDP growth %
Number of employed (million, right axis)
Household volumes (HUF thous. bn)
31.12.2019
31.03.2020
30.06.2020
30.09.2020
31.12.2020
31.03.2021
30.06.2021
30.09.2021
31.12.2021
31.03.2022
30.06.2022
30.09.2022
Loans
16
15
14
13
12
11
10
9
8
31.12.2018
31.03.2019
30.06.2019
30.09.2019
31.12.2019
44
4,4
0
31.12.2018
31.03.2019
30.06.2019
30.09.2019
31.12.2019
Average inflation and wage growth (y/y %)
Average wage
Inflation
Corporate volumes (HUF thous. bn)
31.03.2020
30.06.2020
30.09.2020
31.12.2020
31.03.2021
30.06.2021
30.09.2021
Deposits
Loans
31.03.2020
30.06.2020
30.09.2020
31.12.2020
31.03.2021
30.06.2021
30.09.2021
31.12.2021
31.03.2022
30.06.2022
31.12.2021
31.03.2022
30.06.2022
30.09.2022
30.09.2022View entire presentation