press releases

K&H Bank closed H1 2021 with a net profit of HUF 37.4 billion and K&H Insurance booked a net profit of HUF 4.2 billion.

• The bank’s underlying profit grew by 22% year-on-year and reached HUF 31.2 billion
• K&H’s total loan portfolio grew by 13% to HUF 1,875 billion and new retail loan production reached  HUF 150 billion growing by 44% 
• K&H has continued its digital transformation in innovation:  40% of account opening is through K&H instant account opening application and K&H Insurance launched instant electronic green card service for MTPL clients
• K&H remains one of the market leaders in the financing of renewable energies, whose volume reached HUF 100 billion by the end of June 2021

K&H Bank recorded HUF 12.6 billion net profit and K&H Insurance reached a net profit  of HUF 2.6 billion in 2021Q1.

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.

K&H continued delivering its innovations in the banking mobile app with the launch of the K&H+ mobility solution on mobile and a unique instant account opening service.

K&H Bank had resilient financial results in 2020, recording HUF 42.3 billion net profit, a 6% increase yoy on underlying basis excluding the HUF 12.7 billion negativ pre-tax impact of exceptional items. In 2020 K&H Insurance reached a profit after tax of HUF 8.3 billion.

K&H has earned the recognition of international financial magazine ‘Global Finance’ and was named winner of the “Best Trade Finance Provider in Hungary” award for the eighth time.