ANNUAL REPORT 2011 - Magyar Fejlesztési Bank Zrt.
ANNUAL REPORT 2011 - Magyar Fejlesztési Bank Zrt.
ANNUAL REPORT 2011 - Magyar Fejlesztési Bank Zrt.
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3. LENDING OPERATIONS<br />
By method, MFB lending operations can be classified<br />
into refinancing loans placed through commercial banks<br />
and loans extended directly, while by loan type they<br />
can be grouped as loan programmes and placements<br />
outside loan programmes.<br />
The table below presents the annual changes of lending<br />
operations in <strong>2011</strong> by method of lending:<br />
In <strong>2011</strong>, the portfolio of <strong>Bank</strong> loans grew by HUF 68 billion<br />
or about 7.7%. While extraordinary repayments reaching a<br />
considerable amount at about HUF 30 billion coupled with<br />
portfolio sales to mitigate growth, the depreciation of the<br />
domestic currency propelled it. The two opposing effects were of<br />
equal size and offset each other.<br />
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MFB <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong> 33
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