MBH Mortgage Bank Co. Plc.
- Introduction
- Trading data
- Financials
- Shareholders, management
- Publications
- Product features
| Full Name | MBH Mortgage Bank Co. Plc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short name | MBH Mortgage Bank Co. Plc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sector | Banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contact |
HU-1117 Budapest, Magyar Tudósok körútja 9. G ép.
Phone: +36-1-311-3110
Fax: -
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| Investor Relations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Auditor | PricewaterhouseCoopers Könyvvizsgáló Kft. (Auditor: Balázs Árpád Mészáros) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business activity | MBH Mortgage Bank Plc. (formerly Takarék, and even before FHB Mortgage Bank Plc.) has been playing a significant role in the Hungarian mortgage lending, refinancing and also the most active covered bond issuer on the domestic capital market since its foundation in 1997. At the time of the foundation, its principal business activities were to refinance the development and purchases of housing real estates and also the disbursement of state subsidised housing loans. The Bank made the mortgage-based financing country-wide available through direct sales, its agent network, as well as its refinancing partner banks. The Mortgage Bank was a member of the Takarék Group between 2015-2023 and from 1st of May 2023 became a member of MBH Group. Meanwile its activity has also changed: it exclusively refinances mortgage loans. The shares of the MBH Mortgage Bank Plc. are traded on the Budapest Stock Exchange since November 2003 and the majority of the covered bonds and senior unsecured bonds issued by the MBH Mortgage Bank are also listed securities. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Listed securities of the issuer |
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| Basic Information | |
|---|---|
| Ticker | MBHJB |
| ISIN | HU0000078175 |
| Date of listing | 24 Nov 2003 |
| Currency of trading | HUF |
| Face Value | 100 HUF |
| Number of securities listed | 108,490,300 |
| Market Capitalisation (HUF million) | 98,943 |
| > Split (S)/Reverse split (R) | |
|---|---|
| 09 Jun 2005 | S (1 : 10) |
| P/BV | |
|---|---|
| P/BV* | 1.2106 |
* Calculating based on the capitalisation of the actual series only
| Performance | |
|---|---|
* annualized yield
Key annual data
audited, non-consolidated, IFRS; Business Year: January 1 - December 31| 20221 | 20232 | |
|---|---|---|
| (million HUF) | (million HUF) | |
| Net interest income | 6,555 | 8,523 |
| Total non-interest income | 135 | 1,085 |
| Provisions for loans | -557 | 1,345 |
| Operating Profit (EBIT) | 3,334 | 6,508 |
| Profit before tax | 2,158 | 7,385 |
| Profit after tax | 1,811 | 6,663 |
| Dividend per (ordinary) share | 0 HUF | 0 HUF |
| Loans | 24,733 | 20,540 |
| Refinancing of mortgage loans | 368,460 | 381,312 |
| Deposits from Customers | 0 | 0 |
| Mortgage bond liabilities | 367,249 | 387,218 |
| Total liabilities | 742,911 | 828,382 |
| Share capital | 10,849 | 10,849 |
| Shareholders equity | 71,037 | 78,205 |
| Total assets | 813,948 | 906,587 |
| Number of employees (at business year end) | 14 | 17 |
- (1) Audited, , in compliance with IFRS (Business Year: January 1 - December 31)
- (2) audited, non-consolidated, IFRS; Business Year: January 1 - December 31
Selected financial ratios
Ratios are based on data submitted by the company| 2022 | 2023 | |
|---|---|---|
| Equity Ratio | 10.46 | 10.59 |
| Return on assets (ROA) | 0.03 | 0.09 |
| Return on equity (ROE) | 0 | 0.01 |
Mid-year reports
non-audited, non-consolidated, IFRS; Business Year: January 1 - June 30| Key P&L Figures | Jan 2023 - Jun 20231 | Jan 2024 - Jun 20242 |
|---|---|---|
| (million HUF) | (million HUF) | |
| Net interest income | 3,310 | 6,970 |
| Total non-interest income | 1,104 | -906 |
| Provisions for loans | 934 | 106 |
| Operating profit (EBIT) | 2,358 | 4,512 |
| Profit before tax | 2,968 | 4,177 |
| Profit after tax | 2,728 | 3,652 |
| Key Balance Sheet Items | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|
| (million HUF) | (million HUF) | |
| Placement with other banks | 8,703 | 150,065 |
| Loans | 29,960 | 24,653 |
| Refinancing of mortgage loans | 367,164 | 394,216 |
| Tangible assets | 123 | 154 |
| Total assets | 747,914 | 876,134 |
| Deposits from Banks | 295,267 | 445,235 |
| Deposits from Customers | 0 | 0 |
| Mortgage bond liabilities | 367,678 | 339,973 |
| Total liabilities | 673,593 | 794,401 |
| Shareholders equity | 74,321 | 81,733 |
| Share capital | 10,849 | 10,849 |
| Total liabilities and shareholders equity | 747,914 | 876,134 |
- (1) Non-audited, , in compliance with IFRS (Business Year: January 1 - June 30)
- (2) non-audited, non-consolidated, IFRS; Business Year: January 1 - June 30
| Shareholders exceeding 5% stake with respect to the listed series | ||
|---|---|---|
| Name | Shareholding (%) | Share piece |
| MBH Befektetési Bank Zrt. | 48.42 | 52,531,760 |
| Magyar Posta Zrt. | 39.71 | 43,076,417 |
| Free Float: 11.87% | Last update: 28 Feb 2025 | |
| Note: When determining the Free Float for a particular series, all the securities of the company shall be regarded to be publicly held other than (i) the stock of securities held by holders with direct holdings of more than 5% of the total number of securities, (ii) securities in the possession of custodians, provided the certificate available to the custodian verifies that the particular person holds more than 5% of the total number of securities outstanding belonging to the series. The value of the free float is based on the data provided by the issuer. | ||
| Management | |
|---|---|
| Management Board | VIDA József (chairman), Dr. NAGY Gyula László, TÓTH Illés, GINZER Ildikó, dr. TÖRÖK Ilona, BREZINA Szabolcs Károly |
| Management | Dr. NAGY Gyula László (managing director), TÓTH Illés (managing director) |
| Supervisory Board | dr. LÁNG Géza Károly (chairman), dr. LÉLFAI Koppány Tibor, KRIZSANOVICH Péter, dr. GÖDÖR Éva Szilvia, dr. TISZA-PAPP Ákos Ferenc, BAKONYI András |
| Last update: 31 May 2024 | |
| Publication | Report |
|---|---|
| 25 Apr 2024 18:33 | Annual report and investor presentation 2023 |
| 30 Aug 2024 09:05 | Financial report for the first half of 2024 and investor presentation |
| 26 Apr 2024 15:45 | MBH Mortgage Bank Co. Plc. Responsible Corporate Governance Report for 2023 |
| Publication | Green framework |
|---|---|
| 26 Mar 2025 09:30 | MBH Mortgage Bank Co. Plc.’s Green Covered Bond Framework, referring Second Party Opinion |
| Publication | Articles of Association |
|---|---|
| 19 Dec 2024 13:45 | MBH Mortgage Bank Co. Plc.-Statues_19.12.2024. |
| Publication | Voting rights, registered capital |
|---|---|
| 01 Apr 2025 14:40 | The amount and the composition of the Company’s share capital 31.03.2025. |
| Publication | Corporate Action Timetable |
|---|---|
| 30 Dec 2024 10:40 | Corporate Action Timetable 2025 |
| Name of security | MBH Mortgage Bank share |
| Issuer | MBH Mortgage Bank Co. Plc. |
| Equity class | Ordinary share |
| Type of security | Registered |
| Form of security | Dematerialised |
| Code of security (ISIN) | HU0000078175 |
| Ticker symbol | MBHJB |
| Face value | 100 HUF |
| Number of securities listed | 108,490,300 |
| Rights to dividends | Full year |
| Listing date | 24 Nov 2003 |
| First Trading Day | 24 Nov 2003 |
| Market | Prime |
| Trading Unit | 1 |
| Currency of trading | HUF |
| Trading time | As specified in Part II, Chapter 5. |
| Listing price | 4,300 |