press releases

K&H Banking Group reports underlying profit of HUF 26.3 billion in 2019H1, a 9% increase yoy. K&H Insurance reached HUF 2.7 billion net profit in 2019H1, an increase of 19% yoy

Baby boom loan application volume reached HUF 29 billion by 31 August. On 26th July E2E cash loan was successfully launched. In July K&H was awarded the title Best Bank in Hungary 2019 by Euromoney.

K&H Banking Group had a strong financial performance in 2019H1, recording HUF 26.3 billion net profit, a 9% increase yoy on underlying basis.  K&H Insurance reached HUF 2.7 billion net profit in 2019H1, an increase of 19% yoy. By 31 August K&H baby boom loan application volume reached HUF 29 billion in July K&H launched the E2E cash loan service in its mobile bank app and e-bank.  K&H received the 2019 Best Bank in Hungary award by Euromoney. K&H was alsonamed the   Most Attractive Employer in the financial sector by Randstad, and received the Green Bank award by National Bank of Hungary. 

K&H Banking Group reports a net profit of HUF 12.2 billion in 2019Q1

&H Insurance reaches HUF 1.3 billion net profit in 2019Q1. K&H implements digital innovations, and is ready for launching instant payment on July 1.

&H Banking Group had a strong financial performance in 2019Q1, recording HUF 12.2 billion net profit in 2019Q1, a 4.6% increase yoy excluding exceptional items. In 2019Q1 K&H Insurance reached HUF 1.3 billion net profit, a 20% increase yoy. In 2019Q1 K&H continued its digital transformation and is moving at full speed to implement its own and regulatory initiatives.  K&H launched a full digital sales process for risk life insurance that reduces the contracting time for its clients by 50%.

K&H Banking Group reports a net profit of HUF 57.8 billion in 2018

K&H Insurance reaches HUF 4.5 billion net profit in 2018. K&H continues its digital transformation.

K&H Banking Group had a strong financial performance in 2018, recording HUF 57.8 billion net profit in 2018, a 38% increase yoy. Excluding exceptional gains from property and financial instruments transactions, K&H recorded HUF 53.6 billion net profit, a 28% increase yoy.  In 2018 K&H Insurance reached HUF 4.5 billion net profit, a 57% increase yoy. In 2018 K&H continued its digital transformation. Over 200 000 clients use the K&H mobile bank services actively, 66% more than a year ago. Every 4th client now already has a biometric profile enabling them to sign their documents electronically in branches. K&H launched a fully digital home insurance and the first fully digitalised cash loan service.  K&H has the largest cash-in ATM network with 212 machines and also the largest tellerless branch network in Hungary with 44 units.

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.

New Chairman appointed to K&H Bank’s Supervisory Board

Dr. Elemér Terták succeeds Béla Singlovics

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.

Former K&H Group CEO Hendrik Scheerlinck receives lifetime achievement award

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.