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K&H Banking Group reports a net profit of HUF 45.1 billion in the first 9 months of 2018

K&H Insurance reached HUF 3.2 billion net profit in the first 9 months of 2018. K&H increased the corporate loan portfolio by 17% and the retail one by 4%, both faster than the market.

K&H Bank realised a net profit of HUF 13.6 billion in the third quarter of 2018, a yoy increase of 40%. Its net profit reached HUF 45.1 billion in the first nine months of 2018, a yoy increase of 40%.  Excluding a HUF 4.2 billion exceptional gain from property transactions and financial instruments, net profit amounted to HUF 40.9 billion, a 27% increase yoy. The profit growth is primarily due to higher business volumes, the increasing number of customers served and favourable credit costs. K&H increased the corporate loan portfolio by 17% and the retail one by 4%, both faster than the market. In the first 9 months of 2018 K&H Insurance reached HUF 3.2 billion net profit, 20% increase yoy.

K&H Banking Group recorded HUF 31.5 billion net profit in 2018H1, HUF 27.4 billion excluding exceptional gains from property and financial instruments transactions

K&H Insurance reached HUF 2.2 billion net profit in 2018H1 - The share of new housing loans applications with fixed rate significantly increased to 82% by end of 2018H1

K&H Banking Group closed 2018H1 with an after-tax profit of HUF 31.5 billion. Excluding a HUF 4 billion exceptional gain from property transactions and financial instruments, net profit amounted to HUF 27.4 billion, a 22% increase yoy. The profit growth is primarily due to higher business volumes, the increasing number of customers served and favourable credit costs. In 2018H1 income excluding gains from property transactions and financial instruments increased by 11.6 % yoy, driven by 4.6 % net interest income and 12 % fee income growth. K&H Insurance reached HUF 2.2 billion net profit in 2018H1, an increase of 63 % yoy.

K&H Bank to provide corporate finance services

Over the past years activities of K&H Bank and KBC Securities Hungary have gradually come closer together. Therefore a decision was made whereby as of 1 July 2018 a separate, full-service corporate finance arm will be created within K&H Bank’s Business Banking Division. Following this decision, within KBC Group, corporate finance activities will be provided in Hungary by K&H Bank. Simultaneously, pursuant to the decision of the KBC Group Executive Committee, the similar services of KBC Securities Hungarian Branch Office will be discontinued.

K&H Banking Group recorded HUF 15 billion – excluding exceptional gain from a property transaction HUF 13 billion - net profit in 2018Q1

K&H Insurance reached HUF 1 billion net profit in 2018Q1 - K&H launched 15 and 20-year fixed interest rate mortgage loans and continues to invest in digitalization

K&H Banking Group closed 2018Q1 with an after-tax profit of HUF 15.1 billion. Excluding a HUF 2.1 billion exceptional gain from a property transaction, net profit amounted to HUF 12.9 billion, a 30% increase yoy. The profit growth is primarily due to higher business volumes, increasing number of customers served and further decreased credit costs. In 2018Q1 income increased by 8% yoy, driven by 7.5% net interest income and 10.6% fee income growth. K&H Insurance reached HUF 1.0 billion net profit in 2018Q1, an increase of 22% yoy.

K&H Bank records all-time high profit of HUF 41.8 billion - The banking group acquired 60 000 new clients and increased its loan market share

K&H Insurance realised an after-tax profit of HUF 2.9 billion

K&H Bank recorded an all-time high profit of HUF 41.8 billion in 2017, representing an underlying 18% increase yoy. It realised a net profit of HUF 9.6 billion in the fourth quarter of 2017.  Its loan portfolio market share increased from 10.2% to 10.5% yoy. It gained 60 000 new clients, some 1200 every week, nearly half of which were from the youth segment. K&H’s assets crossed the HUF 3 trillion mark in balance sheet in 2017. K&H Insurance realised an after-tax profit of HUF 2.9 billion in 2017, representing a 3% increase yoy.