BUDAPEST: FHB Mortgage Bank had a net loss of HUF 19.2 billion last year, according to Hungarian Accounting Standards. Shareholders of FHB Mortgage Bank decided to pay no dividend at an annual general meeting today.
Chairman Zoltán Spéder said the bank had progressed toward achieving its three main strategic goals: increasing sales, making acquisitions and meeting legal challenges, referring to borrowers relief legislation that required Hungarian banks to give rebates to many of their retail clients.
