Magyar Cetelem Bank Zrt

Established in 1995, Magyar Cetelem Bank specializes in consumer lending activities.

Financials

Total Assets (2016)
103.19 bln HUF  (-2.54%)
Net Income (2016)
10 872.00 mln HUF  (-9.93%)

In 2016 total assets of Magyar Cetelem Bank Zrt were 103,19 bln HUF. In 2016 the bank's net income was 10 872,00 mln HUF.

Magyar Cetelem Bank Zrt participates in deposit guarantee scheme of Hungary. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 BNP Paribas (France)

Magyar Cetelem Bank Zrt is a member of BNP Paribas (France).

Contacts

Teréz körút 55-57., 1062, Budapest 06. ker., Hungary

Magyar Cetelem Bank Zrt is headquartered in Budapest 06. Ker..

Bank Identifiers

MFI ID
HU12201923

Financial Positions

Total Assets (2016)
103.19 bln HUF  (-2.54%)
Total Equity (2016)
30 740.00 mln HUF  (+54.73%)

In 2016 total assets of Magyar Cetelem Bank Zrt were 103.19 bln HUF. Decline compared to the previous period (2015) was -2.54%. The evolution of the total assets of Magyar Cetelem Bank Zrt is shown at Chart 1 below.

Total Assets of Magyar Cetelem Bank Zrt.

Chart 1. Total Assets of Magyar Cetelem Bank Zrt.

Recent changes in total assets of Magyar Cetelem Bank Zrt and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 1.1 1.7 +53.49%
Loans 80.1 85.9 +7.31%
Debt securities 0.1 1.1 +1 162.07%
Total Assets 105.9 103.2 -2.54%
Table 1. Recent changes in total assets of Magyar Cetelem Bank Zrt (bln HUF).

Recent changes in total liabilities of Magyar Cetelem Bank Zrt and its main components are shown in Table 2.

2015 2016 % change
Deposits from other clients 6.5 13.8 +112.52%
Deposits from financial institutions 0.0 0.0 0.00%
Total Liabilities 105.9 103.2 -2.54%
Table 2. Recent changes in total liabilities of Magyar Cetelem Bank Zrt (bln HUF).

Profit and Loss

Net Income (2016)
10 872.00 mln HUF  (-9.93%)

Recent changes in gross profit of Magyar Cetelem Bank Zrt and its main components are shown in Table 3.

2015 2016 % change
Net Interest Income 19 477.0 18 897.0 -2.98%
Interest Income 22 073.0 21 226.0 -3.84%
Interest Charges -2 596.0 -2 329.0 -10.29%
Net Commission Income 3 206.0 2 663.0 -16.94%
Table 3. Recent changes in gross profit of Magyar Cetelem Bank Zrt (mln HUF).

In 2016 net income of Magyar Cetelem Bank Zrt was 10 872.00 mln HUF. Decline compared to the previous period (2015) was -9.93%. The evolution of the net income of Magyar Cetelem Bank Zrt is shown at Chart 2 below.

Net Income of Magyar Cetelem Bank Zrt.

Chart 2. Net Income of Magyar Cetelem Bank Zrt.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Hungary are obliged to participate in Hungarian deposit guarantee scheme.

In the case of Magyar Cetelem Bank Zrt failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  HUF

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Magyar Cetelem Bank Zrt is shown in the table below.

MFI ID  HU12201923