TLV - H1 results were solid though Q2 was weaker on higher risk cost
BT’s reported net income came to RON 359 mln in Q2, down 45% on a
quarterly comparison and 7% lower on a yearly basis due to higher risk costs.
Note that there was a reversal in the first quarter in provisioning thus lower
result should not come as a surprise.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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