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MFB Hungarian Development Bank Private Limited Company announced on 07 February 2025 that its total borrowings increased by more than 25% compared to balance sheet figures as of 31 December 2023. The company also reported that total interest-bearing liabilities increased by 6% in 2024 compared to audited data from December 2023. The more than 25% increase in borrowings was mainly due to structural changes, with maturing issued bonds partly replaced by long-term borrowings.
| Date | 7 Feb 2025 |
| Time | 12:30:00 |
| Category | Miscellaneous |
| ID | 3841W |
Announcement
on the change of borrowings of MFB Hungarian Development Bank Private Limited Company
The current disclosure is made on the basis of the stipulations of section 55 of the Hungarian Act No. CXX of 2001 on the Capital Market and PM (Minister of Finance) Decree No. 24/2008 (VIII.15.). MFB Hungarian Development Bank Private Limited Company is pleased to inform its investors that the total amount of its borrowings have increased by more than 25 (twenty-five) percent compared to the balance sheet figures as of 31 December 2023.
Compared to the audited data for December 2023, total interest-bearing liabilities increased moderately (+6%) in 2024. The increase of more than 25% of borrowings was mainly due to structural changes: maturing issued bonds were partly replaced by long term borrowings.
Budapest, 7 February 2025
MFB Hungarian Development Bank Private Limited Company