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K&H Bank and K&H Insurance report net profits of HUF 59 billion and HUF 4.8 billion in Q3 2021, respectively

Ratio of digitally active K&H clients reaches 85%

K&H Bank reported a net profit of HUF 59 billion, while K&H Insurance posted a net profit of HUF 4.8 billion for the first nine months of 2021. The Bank’s underlying profit grew by 30% driven by increasing loan and deposit volumes. 

  • K&H’s total loan portfolio grew by 11% to HUF 2,071 billion, while new loan production reached HUF 444 billion 
  • Deposits volume grew to HUF 3,254 billion up by 12% and investment funds grew to HUF 744 billion up by 14%
  • K&H further improved its services: green loan was launched and Széchenyi GO card is available 
  • As many as 85% - i.e. 600 thousand clients - of K&H’s customers are digitally active
  • Digital transformation continued: K&H was the first to launch an investment fund whose assets are determined with the help of AI-controlled models, also K&H offers the widest range of smartwatch payment  
  • K&H’s commitment  to sustainability continues: it is to  achieve full carbon neutrality  of its own operation in 2021

K&H Bank reports a net profit of HUF 37.4 billion and K&H Insurance books a net profit of HUF 4.2 billion in 2021H1

82% of K&H’s customer base is already digitally active

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 reports a net profit of HUF 12.6 billion and K&H Insurance a HUF 2.6 billion net profit in 2021Q1

Strong growth in retail lending and increasing market shares - K&H continues innovations by launching instant account opening and Google Pay

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.

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.

K&H Bank reports a net profit of HUF 42.3 billion and K&H Insurance a HUF 8.3 billion in 2020

Strong market share increase in loans in all segments

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.