March 05, 2015 2:13 AM ET

Thrifts and Mortgage Finance

Company Overview of FHB Jelzálogbank Nyrt.

Company Overview

FHB Jelzálogbank Nyrt provides mortgage banking services in Hungary. It offers general purpose mortgage loans, housing loans, land development loans, reverse mortgage loans, and housing project loans. The company also refinances mortgage loans provided by commercial banks to their customers. In addition, it offers netbank services, as well as services related to the bank accounts and bankcards; annuity products for senior citizens; and real estate sales, leasing, management, and valuation services. The company was founded in 1997 and is based in Budapest, Hungary.

Üllői út 48

Budapest,  1082

Hungary

Founded in 1997

811.5 Employees

Phone:

36 1 334 4344

Fax:

36 1 329 1004

Key Executives for FHB Jelzálogbank Nyrt.

FHB Jelzálogbank Nyrt. does not have any Key Executives recorded.

FHB Jelzálogbank Nyrt. Key Developments

FHB Mortgage Bank plc announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

FHB Mortgage Bank plc announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net interest income was HUF 4,834 million against HUF 4,848 million a year ago. Loss before tax was HUF 7,370 million against HUF 164 million a year ago. Loss after tax was HUF 7,190 million against HUF 282 million a year ago. Basic LPS was 433.85 ft against 16.95 ft. The negative result is mainly due to the provisions of HUF 17.9 billion generated for the expected losses to voidances of use of foreign-exchange-rate margins and interest rate increases deemed unfair under the law, from that HUF 13.2 billion was accounted in quarter. Negative return on assets was 3.98% against 0.15% a year ago. Negative return on equity was 34.7% against 1.5% a year ago. Interest income was HUF 12,981 million against HUF 16,722 million a year ago. Net operating loss was HUF 1,577 million against net operating income of HUF 5,801 million a year ago. For the nine months, net interest income was HUF 15,122 million against HUF 13,519 million a year ago. Loss before tax was HUF 10,145 million against HUF 5,608 million a year ago. Loss after tax was HUF 9,599 million against HUF 4,875 million a year ago. Basic LPS was 195.01ft against 98.84 ft a year ago. Negative return on assets was 1.71% against 0.85 % a year ago. Negative return on equity was 15.3% against 8.5% a year ago. Interest income was HUF 41,819 million against HUF 50,019 million a year ago. Net operating loss was HUF 6,478 million against net operating income of HUF 12,419 million a year ago. Net cash flow from operating activities was HUF 124,025 million against HUF 102,071 million. Purchase of tangible and intangible assets was HUF 2,198 million against HUF 696 million a year ago.

FHB Mortgage Bank Plc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

FHB Mortgage Bank Plc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company reported operating income of HUF 8,055 million against HUF 7,520 million for the same period a year ago. Loss before tax was HUF 2,775 million against HUF 5,444 million for the same period a year ago. Loss was HUF 2,409 million against HUF 4,594 million for the same period a year ago. Diluted loss per share was 73.9 Ft against 140.5 Ft for the same period a year ago. Net interest income was HUF 10,288 million against HUF 8,671 million for the same period a year ago. For the quarter, the company reported operating income of HUF 1,158 million against HUF 2,692 million for the same period a year ago. Loss before tax was HUF 4,357 million against HUF 3,262 million for the same period a year ago. Loss was HUF 3,554 million against HUF 3,004 million for the same period a year ago. Diluted loss per share was 213.9 Ft against 82.7 Ft for the same period a year ago. Net interest income was HUF 5,062 million against HUF 4,399 million for the same period a year ago. Net cash flow used in operating activities was HUF 48 million. Purchase of tangible and intangible assets was HUF 1,894 million.

FHB Bank Announces Non-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

FHB Bank announced non-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, after-tax losses of HUF 3.6 billion, up from losses of HUF 3 billion in second quarter of 2013, with losses stemming from provisioning for future losses related a recently approved law on debtors relief. Net interest income was HUF 5.1 billion, up 15.1% year-on-year. Net interest income decreased by HUF 164 million compared to the previous quarter, due to declining interest rates and to the fall in total assets. Net fees and commissions rose 3.8% in one year to HUF 1.0 billion. The company reported operating income of HUF 1.2 million, loss before tax of HUF 4.4 million and 213.9 ft diluted per share against operating income of HUF 2.7 million, loss before tax of HUF 3.3 million and 182.7 ft diluted per share for the same period a year ago. The company also reported return on assets of 0.61% and return on equity of 6.1%. Negative result was due to the provisions of HUF 4.7 billion generated for the expected impact of the act on the Resolution of certain issues related to the Supreme Court's (Curia) uniformity decision on consumer loan agreements concluded by financial institutions declaring the use of foreign-exchange-rate margins is void. For the first half, net interest income rose 18.6% to HUF 10.3 billion. Net commissions from fees rose 21.7% to HUF 8.1 billion. The company reported operating income of HUF 6.6 million, loss before tax of HUF 4.2 million, loss of HUF 3.6 million or 109.0 ft diluted per share against operating income of HUF 5.8 million, loss before tax of HUF 7.2 million, loss of HUF 5.9 million or 182.7 ft diluted per share for the same period a year ago. The company reported net cash flow used in operating activities of HUF 48.0 million and purchase of tangible and intangible assets of HUF 1,894 million. The company also reported return on assets of 0.69% and return on equity of 6.5%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2014
FHB Kereskedelmi Bank Zrt.
Buyback
April 28, 2014
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