Business
Arnold to head Budapest Bank
Mark Arnold was appointed to the board of Budapest Bank Rt at the EGM and was also enabled by The State Financial Institutions Supervision (PSzÁF) to be CEO. He is expected to be chosen to be Chairman of the Board, too. The company had successful first nine months, but the dynamics of the growth has slowed down in Q3. Pre-tax profit reached Ft 8.98 billion, which is by 34% higher then of the same period in 2003 but in the first six months this indicator was 40%. Balance sheet total was Ft 448.923 billion, this increased by 25% in a year. (Vg 4) G.R.
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