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Announcement on change of assets and liabilities

16th Nov 2023 13:30

RNS Number : 7285T
MFB Magyar Fejlesztési Bank
16 November 2023

Announcement

on the change of assets and liabilities of MFB Hungarian Development Bank Private Limited Company

The current disclosure is made on the basis of the stipulations of section 55 of the Hungarian Act No. CXX of 2001 on the Capital Market and PM (Minister of Finance) Decree No. 24/2008 (VIII.15.). MFB Hungarian Development Bank Private Limited Company is pleased to inform its investors that the total amount of its assets and liabilities have increased by more than 10 (ten) percent compared to the balance sheet figures as of 31 December 2022.

The reason for the significant increase in assets is that - during the period under review - the Bank subscribed for investment fund units. In addition, the stock of government bonds and interbank items also increased in parallel with the raising of funds.

The liabilities increased primarily because of the additional loan borrowings and bond issues carried out in order to finance the asset side expansion.

Budapest, 16 November 2023

MFB Hungarian Development Bank Private Limited Company

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