March 21, 2017 / 10:56 AM / 4 months ago

BRIEF-Budapest Bank posts HUF 13.1 bln after-tax profit in 2016

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March 21 (Reuters) - Hungary's state-owned Budapest Bank

* Posts 13.1 billion forint ($45.90 million) after-tax profit in 2016

* Balance sheet expands by 3.5 pct to 999 bln forints

* Capital adequacy ratio rises to 12.4 pct from 11.5 pct ($1 = 285.43 forints) (Reporting by Gergely Szakacs)

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