K&H’s dynamic growth continued across all business lines and customer segments. The Bank’s loan portfolio expanded by 10 percent year-on-year, once again outperforming the sector average. Customer deposits increased by 6 percent over the same period.

• K&H Bank generated a net profit of HUF 132 billion, while K&H Insurance posted a net profit of HUF 9.7 billion in 2025. 
• The Bank’s loan portfolio grew by 10 percent year on year, reaching HUF 3,386 billion.
• Customer deposit volumes increased by 6 percent, and assets under management in investment funds rose by 17 percent by the end of 2025. 
• K&H’s government securities portfolio increased by 11 percent year-on-year, reaching HUF 1,583 billion as of 31 December 2025. 
• The number of K&H Bank’s customers rose by 6 percent, approaching 1.1 million, with more than 80 percent of clients digitally active. 
• In 2025, K&H was named Hungary’s Best Bank for the eighth time. K&H also won the Global Banking and Finance Review award for “Best Digital Bank in Hungary” for the third consecutive year. Last year, K&H Bank received Euromoney’s Awards for Excellence 2025 for both “Best Digital Bank in Hungary” and “Best ESG Bank in Hungary.”

Peter Roebben, CEO of K&H Group, commented on the results:

 “2025 fell significantly short of our growth expectations for the economy and was marked by uncertainty and unexpected developments. However, K&H once again demonstrated its resilience and closed a successful year as our expanding customer base supported a strong financial performance, and we were honoured with a number of prestigious awards. All business lines delivered significant growth, and our after-tax profit amounted to HUF 132 billion. Bank taxes, windfall taxes and other measures continued to have significant impact on the cost of doing business.

I am particularly pleased that the number of banking customers again increased by 6 percent, approaching 1.1 million by the end of the year. While corporate lending was subdued, our retail activity was supported by the Otthon Start subsidised loan scheme.

Thanks to our investments over the past years we now operate on state-of-the-art IT foundations that will support our development in the years ahead, enabling further acceleration of our digital transformation ambitions.
Kate, our AI powered digital financial assistant, is a clear example of this technological shift. She already offers around 400 functions and can perform 74 percent of them fully autonomously, equating to the output of 26 full-time employees. This is not only a technological innovation but a fundamental shift in mindset: a new model of human AI collaboration that turns artificial intelligence into an intelligent assistant and frees up valuable time for our colleagues to focus on complex tasks. Across our branch network, personal advisory services are combined with a modern, self-service digital experience. Although the vast majority of our customers already prefer digital payments, we continue to provide a nationwide network of over 640 ATMs, all of which allow both cash withdrawals and deposits without a physical bank card. This digital innovation marks a new era in banking services, where speed, simplicity go hand-in-hand for enhanced customer experience.” 

“We are proud that our efforts are recognised externally as well. In 2025, K&H received the ‘Bank of the Year in Hungary’ award for the eighth time in the prestigious international competition organised by The Banker, part of the Financial Times Group, acknowledging our strong business performance, client centric operations and advanced digital developments. Last year, we also received the Global Banking and Finance Review award for ‘Best Digital Bank in Hungary’ for the third year in a row. Additionally, K&H was named ‘Best Digital Bank in Hungary’ and ‘Best Bank for ESG in Hungary’ at the Euromoney Awards for Excellence 2025. 
It is also a significant achievement that at the beginning of 2026 we were once again certified as Top Employer Hungary – for the fourth consecutive year. The recognition is a testament to our employee centric operations, innovative HR solutions and high-quality processes. I am grateful to our 3,900 colleagues whose contribution has enabled K&H Group to deliver such outstanding performance,”- the CEO added.

Strong Business Performance in 2025 

K&H accounted for HUF 27 billion in pre-tax impacts of government measures during 2025. Bank revenues increased by 10 percent. Net interest income grew by 5 percent, while the total loan portfolio expanded by 10 percent year on year to HUF 3,386 billion. Customer deposits rose by 6 percent to HUF 4,232 billion. In 2025, K&H disbursed HUF 823 billion in new loans to corporate and retail clients. Operating expenses increased by 11 percent due to inflation driven cost pressures, higher HR expenses, investments in new digital and IT solutions, and banking taxes. K&H’s government securities portfolio grew by 11 percent year on year to HUF 1,583 billion by year end.

“The housing loan market continued to grow robustly in 2025. K&H’s mortgage portfolio increased by 21 percent, outperforming the market average. The Otthon Start Programme, launched in September, generated significant demand, with more than HUF 285 billion in loan applications registered by year end. Thanks to the scheme, new mortgage disbursements exceeded the previous year’s volume by 38 percent, and in December were nearly three times the level of a year earlier. Within this, subsidised loan products accounted for 80 percent at K&H, translating into a 14 percent market share. Personal loan disbursements rose by 40 percent year on year. K&H’s market share in worker loans reached 14.5 percent by yearend. Retail deposits totalled HUF 1,554 billion, representing 12 percent annual growth. Assets under management in investment funds grew by 17 percent to more than HUF 2,082 billion, reflecting continued client confidence,” said Attila Gombás, CFO of K&H Group. 

Corporate segment  

“The latest reading of the K&H Large Corporate Growth Index for Q4 2025 shows a slight but continued improvement in large corporates’ expectations regarding their economic outlook for the coming 12 months. While the majority of Hungarian corporates with annual revenues above HUF 2 billion still characterise their economic situation as stagnating, 62 percent of respondents expect no material change over the next year.

Only one-fifth of companies anticipate a deterioration, while the share of those expecting a clear improvement remained unchanged at 20 percent. 
In an environment where corporate loan demand remains subdued, K&H achieved a portfolio growth of 3 percent compared to the previous year. K&H continues to play an active role in state subsidised financing programmes that support day-to-day operations and investment activity: under the Széchenyi Card Programme, our total contracted volume reached HUF 387 billion. 
Our project finance portfolio amounted to HUF 437 billion, representing a market share of over 12 percent. Under the Eximbank’s Demján Sándor Programme, K&H concluded contracts totalling around HUF 82 billion, reaching a 16 percent market share. Our clients also have access to the 3 percent Széchenyi Card Loan, the consumer-friendly loan products and the KAP loan facility. Supporting agricultural investments linked to the KAP Strategic Plan, K&H concluded HUF 5 billion in investment loans, with additional transactions currently in preparation. Our leasing portfolio reached HUF 120 billion at the end of the year, and new lease disbursements amounted to HUF 53 billion,” added Attila Gombás. 

Insurance results 

Evgeni Benbasat, CEO of K&H Insurance, said: “In 2025 net profit reached HUF 9.7 billion (including HUF 3.4 billion windfall tax). In the corresponding period of 2024, the entire year’s windfall tax resulted HUF 4.2 billion net profit. In non-life, premium income grew 6 percent year-on-year to reach HUF 79.1 billion and all business lines are growing permanently. Life also brought strong business performance in targeted product lines and increased 19 percent year-on-year driven by regular unit-linked pension and non-pension, regular risk and unit-linked single business lines.”

Digitalisation and innovation 

K&H Bank has for years placed strong emphasis on deploying artificial intelligence in innovative ways to deliver an easy, fast and personalised client experience. AI is now an integral part of the Bank’s day-to-day operations. More than 80 percent of clients are digitally active, and the number of mobile bank users has exceeded 700,000. Nearly 60 percent of new retail current accounts are now opened digitally.

Kate, K&H’s digital financial assistant, speaks Hungarian and engaged in 1.7 million conversations in 2025. Everyday financial tasks can be carried out quickly and easily in the K&H mobile bank: for instance, motorway vignettes can be purchased in a few clicks, and parking can be automatically extended. Monthly mobile bank logins exceed 14 million, and clients carry out a total of 2.7 million transactions each month. With customisable widgets, clients can tailor their home screen to their preferences and place their most frequently used functions up front. A major digital milestone in 2025 was the introduction of end-to-end digital application processes for credit cards and overdraft facilities. 

“Kate already supports the everyday banking of 150,000 users – she is both proactive and reactive, meaning she can not only respond to questions but also proactively reaches out to clients in specific situations, and even executes transactions. New in 2025 were that Kate has started to serve the K&H colleagues as well, with the HR module and the large corporate sales support module developed for them, both handling hundreds of queries daily and operating using internal, verified databases. 
We have also introduced significant improvements in security for our clients through the caller verification feature: when a bank employee contacts a client by phone, a push notification is sent via the mobile app so that the client can instantly verify that the call is genuinely from K&H, providing effective protection against phone scams,” - said Gergely Lóska, Chief Information and Innovation Officer at K&H. 

“Our insurance services are also continuously being digitalised: thanks to our renewed sales process for designer and contractor liability insurance, as of October our clients can make out their new insurance with our sales representatives in half the time compared to before,”-he added.

Sustainability 

K&H has become one of the leading players in Hungary’s green financing market in recent years. Loans qualifying under the National Bank of Hungary’s green capital requirement framework exceeded HUF 200 billion in 2025, representing a market share of over 20 percent. Together with the Budapest Municipality, the Bank funded the biodiversity focused renewal of a 1,200 square meter urban green area. On the corporate side, the sustainability maturity of the agricultural portfolio stands out: more than half of the clients now have precise greenhouse gas emission data available. 

K&H continues to reduce its own operational emissions and offsets the remainder through high-quality, certified carbon reduction and sequestration projects. Nearly three-quarters of energy consumption comes from renewable sources, and 100 percent of K&H’s electricity use is covered by green energy.

“Sustainability is one of the key pillars of our business strategy. We aim to play an active role in addressing the challenges of climate change in cooperation with our clients and support the transition to a low carbon economy. As part of this, we offer sustainable financial solutions for all client segments – from green loans to responsible investment funds. The portfolio of responsible investment products reached HUF 1,160 billion in 2025, with more than 120,000 clients holding such investments, representing 56 percent of the total volume. We approach sustainability not only from the green transition point of view but from a social and community perspective, as well. In the field of social responsibility, we launched the K&H Forever Active programme, which promotes financial selfcare and long, healthy living. It recognises seniors who contribute actively to their communities, while our strategic partnership with the National Federation of Senior Clubs and Associations supports the everyday wellbeing and activity of older generations,” emphasised the CEO.

K&H Group – Unaudited, Consolidated IFRS Results