3 Income statement of the Magyar Nemzeti Bank

HUF millions

Note Income

2019 2020 Difference 2 31 4 4–3 4.18. I. INTEREST AND INTEREST-RELATED INCOME DENOMINATED IN FORINT 40,765 55,805 15,040

1. Interest on receivables from the central government 16 8,064 8,048 2. Interest on receivables from credit institutions 9,998 22,321 12,323 3. Interest on other receivables 795 8,318 7,523 4. Interest-related income 29,956 17,102 -12,854

4.18. II. INTEREST AND INTEREST-RELATED INCOME DENOMINATED IN FOREIGN CURRENCY 307,746 299,503 -8,243

1. Interest on foreign exchange reserves 79,820 77,781 -2,039 2. Interest on receivables from the central government 2 0 -2 3. Interest on receivables from credit institutions 3 -40 -43 4. Interest on other receivables 0 0 0 5. Interest-related income 227,921 221,762 -6,159

4.19. III. INCOME ARISING FROM EXCHANGE RATE CHANGES 238,730 294,151 55,421 4.18. IV. REALISED GAINS ARISING FROM FINANCIAL OPERATIONS 12,424 14,936 2,512 4.21. V. OTHER INCOME 28,637 23,189 -5,448

1. Fees and commissions 1,337 1,358 21 4.22. 2. Income other than fees and commissions 13,784 1,961 -11,823 4.23. 3. Income from supervisory activities 13,516 19,870 6,354

4.13. VI. PROVISIONS RELEASED 579 556 -23 4.13. VII. IMPAIRMENT RELEASED 1,568 209 -1,359 4.24. VIII. OPERATING INCOME 241 278 37 IX. TOTAL INCOME (I+II+III+IV+V+VI+VII+VIII) 630,690 688,627 57,937

Note Expenses

2019 2020 Difference 1 32 4 4–3 4.18. X. INTEREST AND INTEREST-RELATED EXPENSES DENOMINATED IN FORINT 10,108 45,172 35,064

1. Interest on central government deposits 738 6,249 5,511 2. Interest on deposits by credit institutions 5,083 30,015 24,932 3. Interest on other deposits 40 53 13 4. Interest-related expenses 4,247 8,855 4,608

4.18. XI. INTEREST AND INTEREST-RELATED EXPENSES DENOMINATED IN FOREIGN CURRENCY 288,956 269,475 -19,481

1. Interest on central government deposits -1,779 -2,425 -646 2. Interest on deposits of credit institutions -83 -177 -94 3. Interest on other liabilities 7,502 3,713 -3,789 4. Interest-related expenses 283,316 268,364 -14,952

4.19. XII. EXPENSES RESULTING FROM EXCHANGE RATE CHANGES 9,665 8,002 -1,663 4.20. XIII. COST OF ISSUING BANKNOTES AND COINS 11,393 10,989 -404 4.18. XIV. REALISED LOSSES ARISING FROM FINANCIAL OPERATIONS 5,151 9,815 4,664 4.21. XV. OTHER EXPENSES 6,002 5,108 -894

1. Fees and commissions 1,615 1,842 227 4.22. 2. Expenses other than fees and commissions 4,387 3,266 -1,121

4.13. XVI. PROVISIONS CHARGED 614 862 248 4.13. XVII. IMPAIRMENT 1,593 34,954 33,361 4.24. XVIII. OPERATING COSTS AND EXPENSES 42,509 48,826 6,317 XIX. TOTAL EXPENSES (X+XI+XII+XIII+XIV+XV+XVI+XVII+XVIII) 375,991 433,203 57,212 XX. PROFIT/LOSS FOR THE YEAR (IX-XIX) 254,699 255,424 725

23 April 2021, Budapest

Dr György Matolcsy Governor of the Magyar Nemzeti Bank