BUDAPEST: Gránit Bank’s assets climbed to HUF 142 billion at the end of 2014, the bankʼs management announced yesterday.
Gránit booked after-tax profit of HUF 156 mln in 2014. Stock of client loans amounted to HUF 46.5 bln by year-end. Corporate loans approached HUF 43 bln and included HUF 20 bln in cheap financing from the National Bank of Hungaryʼs Funding for Growth Scheme.
Demján said that financing for the bankʼs expansion will be derived from a planned listing of its shares. The state currently has 49% stake in Gránit Bank, which it acquired in 2013.
