Change of CEO at K&H Group

Guy Libot, former Senior General Manager of Group Finance at KBC Group, replaces David Moucheron as CEO of K&H Group. Guy Libot has a long history of broad international experience in the financial sector, having worked for K&H for four years before. David Moucheron, former CEO of K&H Group, has been appointed CEO of KBC Bank Belgium.

KBC Group has appointed Guy Libot, former Senior General Manager of Group Finance at KBC Group, as CEO of K&H Group, 2021. Guy Libot has a long history of broad international experience in the financial sector, having worked in different parts of the world and also in several locations within KBC Group. He is well acquainted with K&H and Hungary, as he previously headed the corporate business unit of K&H Bank, Hungary for 4 years, between June 2006 and September 2010, in his position as Deputy CEO. The appointment of Guy Libot has also been approved by the Hungarian regulator.

'I am delighted to be able to return to Hungary. Personally, I really enjoyed the years I spent in Hungary over 10 years ago, so I was very happy to accept the request to work here again and thus contribute to the development of K&H. In the meantime, both the bank group and the country have changed and grown very much. My aim is to continue the work we have started so that K&H can further strengthen its market position, be a reference in innovation, and continue to play an active role in financing the Hungarian economy.' - said about his appointment Guy Libot, the new CEO of K&H.

Guy Libot graduated from UFSIA (Belgium) in 1985 with a Master’s Degree in Applied Economics. In 1988, he gained a Master’s Degree in Commercial Engineering again from UFSIA. He started his career at KBC (Kredietbank) in September 1987 and became head of the representative office in Los Angeles (USA) in 1990. He then headed up the network desk in Rotterdam (Netherlands) in 1992 before becoming branch manager of KBC Bank in Singapore in 1995. In June 2000, he was appointed CEO of KBC Bank Netherlands, before becoming Deputy CEO of KBC’s Polish subsidiary, Kredyt Bank from 2003 until 2006 and Deputy CEO of K&H Bank in Hungary from June 2006 until September 2010. He then took up the post of General Manager of the Central Europe Banking Directorate at KBC’s Head Office in Brussels and was promoted to Senior General Manager in May 2011. From December 2013 until September 2017, he was Chief Audit Executive at KBC Group. In 2017, he moved on to become Senior General Manager of Shared Services & Operations at KBC Group. Since June 2019, he has been responsible for the Group Finance department. He is married, with two children.

KBC Group has appointed David Moucheron, former CEO of K&H Bank as Member of KBC Group’s Executive Committee and also CEO of KBC’s Belgium Business Unit.

In 2020, K&H Bank produced a good financial performance, reaching a net profit of HUF 42.3 billion, which translates to 6% growth year-on-year. Its share of the credit market has grown dynamically in all segments. In 2020, K&H's new loan production came to HUF 620 billion in total, which corresponds to an increase of 23% year-on-year, and its total loan volume increased to HUF 1 900 billion. In its operation, it places special emphasis on digitalisation and innovation. The number of digitally active customers has reached 570 thousand, and its most recent digital innovations launched on the market include GooglePay, which K&H is the first bank in the country to offer, as well as the K&H+ transport ticket purchase option via the mobile banking platform, and the bank account that can be opened fully online in just a few minutes and offers and instantly available digital bank card.

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