Business
FHB to change name to Takarék
At the AGM, shareholders of FHB Jelzálogbank will vote about changing the company's name to Takarék Jelzálogbank Nyrt., and its retail subsidiary FHB Kereskedelmi Bank will be renamed Takarék Kereskedelmi Bank Zrt.
FHB Jelzálogbank increased its interest revenue by 9% last year and managed to cut its risk costs by nearly 80% compared to 2016, while its stock of loans grew 5.5% including a doubling of refinanced loans. Meanwhile, other operating costs grew by HUF 3.8 bn, largely due to IT costs related to joining the unified banking IT system.
FHB Jelzálogbank increased its interest revenue by 9% last year and managed to cut its risk costs by nearly 80% compared to 2016, while its stock of loans grew 5.5% including a doubling of refinanced loans. Meanwhile, other operating costs grew by HUF 3.8 bn, largely due to IT costs related to joining the unified banking IT system.
