press releases

On Monday, November 3 and Tuesday, November 4, several media outlets misinterpreted the macroeconomic assessment presented by Dávid Németh, Chief Economist at K&H, during Monday’s press conference. For this reason, K&H reiterates its position in order to avoid any misunderstanding.

• K&H Bank posted a profit after tax of HUF 50.2 billion, while K&H Insurance reported a net profit of HUF 5.2 billion in the first half of 2025.
• The bank’s loan portfolio grew by 7 percent year-on-year, reaching HUF 3,193 billion.
• In the first half of 2025, the volume of customer deposits also grew by 7 percent, while the assets managed in investment funds rose by 20 percent year-on-year.
• K&H’s portfolio of government securities amounted to HUF 1,653 billion on 30 June 2025, following a 73 percent increase year-on-year.
• K&H Bank had over 1 million customers in the relevant period, of whom about 800,000 were digitally active.
• This year, K&H Bank won the Euromoney Awards for Excellence 2025 Best Digital Bank in Hungary and Best ESG Bank in Hungary.

•    K&H Bank posted a profit after tax of HUF 8 billion, while K&H Insurance reported a net profit of HUF 0.8 billion in the first quarter of 2025.
•    The bank’s loan portfolio grew by 8 percent year on year, to HUF 3,111 billion.
•    The volume of customer deposits also grew by 8 percent, and the assets managed in investment funds increased by 21 percent by the end of the first quarter of 2025.
•    K&H’s portfolio of government securities grew by 62 percent year on year to HUF 1,633 billion on 31 March 2025.
•    The number of K&H Bank’s customers exceeded 1 million, an annual increase of 4 percent. K&H Bank has almost 800 000 digitally active customers. 
•    K&H has won the “Best Digital Bank in Hungary” award – presented by the prestigious British financial magazine Global Banking and Finance Review – for the third year in a row in 2025. 

Total number of banking customers exceeds 1 million by the end of 2024

• K&H Bank’s after-tax profit came to HUF 129 billion and K&H Insurance realised a net profit of HUF 4.2 billion in 2024.
• The Bank’s credit portfolio expanded by 9 percent compared to the same period a year ago, reaching HUF 3089 billion. The volume of retail mortgage disbursements doubled compared to a year before.
• The volume of deposits placed by clients expanded by 7 percent compared to 2023, and the assets managed in investment funds rose by 31 percent to HUF  1773 billion by the end of 2024.
• K&H Insurance’s business performance was strong, similarly to the Bank’s results: premium income rose by 10 percent, and all business lines are steadily growing.
• Following a 42 percent yoy increase, government securities portfolio amounted to HUF 1,427 billion as of 31 December 2024.
• The total number of K&H Bank’s clients exceeded 1 million by end 2024. K&H Bank has some 770 000 digitally active customers.
• In 2024 K&H received two awards from Euromoney: “Best Bank in Hungary 2024” and “Best digital bank in Hungary 2024”. It also received the Mastercard – Bank of the Year in Innovation as well as the Top Employer 2025 awards.

K&H performed well in all areas. Excluding the effect of government measures, the after-tax profit of K&H Bank’s core financial activities went up by 16 percent

The total number of K&H Bank’s clients passed 1 million by end of Q3 2024

• K&H Bank’s after-tax profit came to HUF 106.6 billion in the first nine months of 2024.
• Excluding the effect of government measures, the after-tax profit of the Bank’s core financial activities went up by 16 percent.
• K&H Insurance realised a net profit of HUF 1.2 billion in the first nine months of the year, the business performance was strong, similarly to the Bank’s results: premium income rose by 11 percent, and all business lines are steadily growing.
• The Bank’s credit portfolio expanded by 8 percent compared to the same period of last year, reaching HUF 2,992 billion. The volume of retail mortgage disbursements was about three times higher than this time last year.  
• The volume of deposits placed by clients expanded by 10 percent compared to the first nine months of 2023, while the assets managed in investment funds rose by 35 percent to more than HUF 1660 billion by the end of September.
• The total number of K&H Bank’s clients passed 1 million by end of Q3 2024. K&H Bank has more than 735,000 digitally active customers. More than 90 percent of K&H's mobile banking customers have already contacted Kate, the bank's AI-based digital financial assistant.
• K&H Bank has been named the Best Real Estate Finance Bank 2024 at the international Europa Property CRE Awards and K&H’s mobile bank application got the award for the Best Innovator UX by Visa.  K&H also won the Sustainable Future Award by the Business Council for Sustainable Development in Hungary (BCSDH) for its solution that allows farms to calculate their carbon emissions.