July 12, 2014 2:42 PM ET

Banks

Company Overview of CIB Bank Ltd.

Company Overview

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

Budapest,  1027

Hungary

Founded in 1979

Phone:

36 1 423 1000

Fax:

36 1 489 6500

Key Executives for CIB Bank Ltd.

Chief Executive Officer
Chief Financial Officer and Member of Management Committee
Deputy Chief Executive Officer and Member of Management Board
Deputy Chief Executive Officer
Retail Managing Director and Member of Management Committee
Compensation as of Fiscal Year 2014.

CIB Bank Ltd. Key Developments

CIB Bank Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2013

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

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.

CIB Bank Announces Management Changes

Intesa Sanpaolo Group announced that Dr. Pal Simak will be appointed as new CEO of CIB Bank in April 2014. Current CIB Bank CEO Fabrizio Centrone will take on a new assignment within Intesa Sanpaolo Group at that time.

Similar Private Companies By Industry

Company Name Region
Europai Kereskedelmi Bank RT Europe
FHB Kereskedelmi Bank Zrt. Europe
GRÁNIT Bank Zrt Europe
Inter-Europa Bank Rt. Europe
UniCredit Bank Hungary Zrt. Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CIB Bank Ltd., please visit www.cib.hu. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.