CIB Bank Ltd. provides various retail and corporate banking services in Hungary and internationally. Its retail banking business offers current accounts, saving accounts, debit cards, credit cards, and e-banking services, as well as provides securities services, such as trading in equities and investment funds. CIB Bank’s corporate banking business provides current accounts; CIB Bankcards for resident corporate customers; deposit products; and financing products, including overdraft facility, working capital financing in HUF and other foreign currencies, discounting of bills, export pre-shipment credit line in foreign currency, export post-shipment credit line in foreign currency, lombard lo...
Medve utca 4–14
Founded in 1979
36 1 423 1000
36 1 489 6500
CIB Group Reports Unaudited Consolidated IFRS Earnings Results for the First Half of 2014
Aug 1 14
CIB Group reported unaudited consolidated IFRS earnings results for the first half of 2014. For the period, the company sustained after-tax losses of HUF 33.8 billion, down from HUF 55.7 billion one year earlier The company announced that losses were pushed up by unplanned provisions worth HUF 20 billion the bank set aside for eventual refunds the bank will have to pay to retail FX borrowers due to the application of bid/offer spreads that a recent law on borrowers' relief annulled. Loss from normal operations by 41% from a year earlier. Net interest revenue raised to HUF 20.7 billon from HUGF 16.4 billion a year earlier.
CIB Bank Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2013
Mar 28 14
CIB Bank reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported interest income of HUF 87,628 million against HUF 117,425 million a year ago. Net interest income was HUF 37,518 million against HUF 35,377 million a year ago. Net fee and commission income was HUF 31,554 million against HUF 26,581 million a year ago. Net banking income was HUF 90,124 million against HUF 83,346 million a year ago. Loss before income taxes was HUF 127,094 million against HUF 139,567 million a year ago. Net loss for the year (before appropriation) was HUF 136,744 million against HUF 151,873 million a year ago. Loss attributable to equity holders of the parent was HUF 131,815 million against HUF 151,447 million a year ago. Cash flows used in operating activities were HUF 53,865 million against HUF 116,076 million a year ago. Purchase of financial investments was HUF 236,511 million against HUF 169,118 million a year ago. Acquisitions to intangible and tangible assets were HUF 2,727 million against HUF 3,392 million a year ago.
CIB To Auction Off 500 Homes
Mar 5 14
CIB Bank Ltd. plans to sell some 500 residential properties at an online auction. The auction is to be held between April 9, 2014 and April 11, 2014. The homes to be put up for auction are located in the Hungarian capital.