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MFB Zrt. (Hungary)

Main Activities: Commercial Banking
Secondary Activities: Sales Financing
Full name: MFB Magyar Fejlesztesi Bank Zrt. Profile Updated: March 11, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Hungarian Download a sample report

The Hungarian Development Bank (Hungarian abbreviation: MFB) is a specialised financial institution, which performs its activities in conformity with relevant Hungarian legislation, and the support policy and competition rules of the European Union.
The core function of the Bank is to promote economic development, provide funding for small- and medium-sized businesses, to increase the technological level and the rate of employment, to improve the conditions of the development of energy efficiency, environmental protection and infrastructure taking into account sustainability criteria and to reduce regional disparities. In order to ensure the efficient use of EU funding, MFB with its products helps businesses to improve their absorption capacity.
The Bank is a catalyst in providing adequate conditions for harmonious and balanced economic growth by linking development policy objectives, money market funds allocated under conditions more favourable for businesses than market conditions and their efficient management.
The activities of MFB and the members of the Banking Group under its supervision cover virtually the full spectrum of development policy and offer their products to almost all actors in the Hungarian economy: to small- and medium-sized businesses, to municipalities, to the retail sector, to large enterprises.

Headquarters
Nador u. 31.
Budapest; Budapest; Postal Code: 1051

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Website: http://www.mfb.hu

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 27, 1991
Key Executives
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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Subsidiaries
Agrargazdasagi Vagyonkezelo Kft.
Bodva-Ipartelep Ingatlangazdalkodo Kft. V.A.
Budaiut-Invest Beruhazo Kft. F.A.
Company Performance
Financial values in the chart are available after MFB Zrt. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HUF. Absolute financial data is included in the purchased report.
Net interest income
2.66%
Net fee and commission income
58.38%
Operating profit (EBIT)
-57.41%
Net Profit (Loss) for the Period
-85.62%
Total assets
3.55%
Loans and advances to customers
15.42%
Deposits from customers
-89.45%
Total equity
0.89%
Total Assets Trend
N/A
Net Interest Income Trend
N/A
Cost to Income Ratio
-2.43%
Loans to Deposits Ratio
21.43%
Loans to Asset Ratio
3.32%

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