TLV-Unchanged trends in Q1
- BT’s reported net income came to RON 400 mln in the frist quarter of this year, up 14.9% q-o-q and down by 39% y-o-y while it was also slightly down by 4% compared to our estimates mainly attributed to higher OPEX and provisioning.
- At the same time, NII was well above our forecast, beating our RON 900 mln estimate by 8% and NIM improved consequently to 3% from 2.8% a quarter ago. Net F&C was basically unchanged q-o-q and improved 21.5% on client transactions and lending activity.
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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