press releases

K&H Bank net profit reached HUF 22.5 billion in 1H2017, representing an underlying  16% increase year-on-year if excluding the one-off gain on VISA shares in 2016. The banking group realised a record underlying net profit of HUF 12.4 billion in 2Q2017.  K&H Insurance in 1H2017 realised an after-tax profit of HUF 1.4 billion, representing a 19% decrease y-o-y primarily due to higher insurance tax and lower interest rate environment but it could outperform the market by growing its non-life gross written premium with 20% year-on-year. 

The good repute of a company is an increasingly powerful factor in business, and is driven, in addition to the brand, by such elements as caring for the employees, and the activities pursued for the benefit of the society and the environment. The best source of learning about the social responsibility, environmental protection and HR measures of a company is its CSR report. The recently published sustainability report of K&H Group, one of the leading financial institutions in Hungary, presents the company’s personality as an employer in an impressive and easily understandable way, walking through the main areas supported. 

K&H Banking Group closed 2017Q1 with an after-tax profit of HUF 10.1 billion. This amount compares to a profit of HUF 9.3 billion in 2016Q1 (+8%). The profit increase is due to higher business volumes, increasing number of customers served, continued low level of credit costs, and lower bank and corporate income taxes.  K&H Insurance in 2017Q1 realised an after-tax profit of HUF 846 million, HUF 10 million above same period previous year.

K&H Banking Group closed 2016 with an after-tax profit of HUF 39.2 billion. This amount compares to a profit of HUF 37.9 billion in 2015. The profit increase is due to the combined effect of higher business volumes, more customers, decreasing credit costs and reducing bank tax.  The year also included one-off items such as the non-recurring impact of VISA transaction in Q2 and the negative deferred tax impact of the announced corporate income tax rate reduction in Q4. K&H Insurance in 2016 realised an after-tax profit of HUF 2.8 billion, HUF 881 million above previous year.