press releases

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.

The mandate of K&H Bank’s Chairman Béla Singlovics ends on 31 December 2017.  KBC Bank appointed Dr. Elemér Terták as member and new Chairman of the Bank’s Supervisory Board. The appointment has been approved by the National Bank of Hungary. Dr. Elemér Terták assumes his position as from January 1, 2018.

The Presidium of the Hungarian Bankers’ Association gave a lifetime achievement award to Hendrik Scheerlinck, former CEO of K&H Group, current CFO of KBC Group and member of KBC Group’s Executive Committee. Mr. Scheerlinck received the accolade in recognition of his outstanding professional work as Member of the Board of the Hungarian Banking Association, his valuable work as President of the Foreign Banker’s Club, and his professional contributions to the development of the banking sector.

This year once again, K&H has won the title ‘Best Bank of the Year in Hungary’ following the professional assessment of excellence by the international financial-affairs publication The Banker, owned by The Financial Times. Constant adaptation to the changing needs will continue to keep K&H developing and improving.

K&H Bank realised a net profit of HUF 9.7 billion in the third quarter of 2017. Its net profit reached HUF 32.2 billion in the first nine months of 2017, representing an underlying 8.1% increase year-on-year if excluding the one-off gain on VISA shares in 2016. K&H increased its total loan portfolio by 8% compared to the same period of last year, increasing new loan production by 79% in the first nine months compared to the same period last year. In the first nine months of 2017 K&H Insurance realised an after-tax profit of HUF 2.1 billion by growing both in non-life and in regular life insurances on a year on year basis by 18% and 11%, respectively.