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What Banks in Hungary Were the Most Cost Efficient in 2017?

Top Banks by Costs As % Of Income
Banking | Hungary | March 25, 2021
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Excel Sheet

Based on a comparison of 10 banks in Hungary in 2017, UniCredit Bank Hungary was the most cost efficient bank, followed by Erste Bank Hungary and OTP Group.

UniCredit Bank Hungary's cost to income ratio reached 51.7% in 2017, up from 45.1% when compared to the last year. Historically, the bank’s costs reached an all time high of 76.8% in 2014 and an all time low of 43.5% in 2009.

When compared to total assets, bank's cost amounted to 1.39% in 2017, up from 2.15% a year earlier.

Comparing UniCredit Bank Hungary with its closest peers, Erste Bank Hungary operated in 2017 with a cost to income ratio of 54.1%, OTP Group reached 56.8% and OTP Bank Hungary some 58.7%.

The average cost to income ratio reached 45.2% in the Hungarian banking sector in 2017.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Hungarian banks in the report section.