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FHB Bank - Asset Quality

Banking | Hungary | April 15, 2014
Excel Sheet

FHB Land Credit and Mortgage Bank Company (FHB Bank) is Hungary's largest mortgage re-financer. The bank was established in 1997, its principal business activity was to refinance the development and purchase of housing real estates and disbursement of state subsidized housing loans.

Being one of the most profitable banks in the CEE a few years ago, a combination of Hungary's own macroeconomic problems, global financial crisis and Government's cuts in the housing subsidies have sent the bank into the red figures.

As a result, non-performing loans have increased from less than 1% in 2006 to 13.6% at the end of 2012