press releases

K&H Bank’s 2020Q1 results decrease by 47% yoy to HUF 6.5 billion due to one-off impact of COVID-19 pandemic
K&H Insurance reaches HUF 2.5 billion net profit in 2020Q1 K&H Bank’s capital and liquidity position remains strong

  • K&H Bank’s net result including one-off impact (HUF 8.4 billion) of COVID-19 pandemic decreased by 47% yoy,  recording a  HUF 6.5 billion after-tax-profit in 2020Q1. Excluding the one-off impact income grew by 7.7%, and net result by 17.4%.
  • K&H Insurance reached HUF 2.5 billion net profit in 2020Q1
  • K&H Bank remains a stable financial institution with  a strong capital and liquidity position with  HUF 1000 billion liquidity surplus, by April 30  LCR:  187%,  almost double the regulatory minimum and a capital ratio of  16.5% (31 March, 2020)
  • K&H successfully ensured full digital and physical service provision for clients during the restrictions. Use of digital channels accelerated. K&H now has 477 000 digitally active clients (+13% yoy). 
  • Despite a significant slowdown in March as a result of the COVID-19 pandemic, underlying business activity also remained solid in 2020Q1 where lending grew by 16% yoy, and assets under management by 5%

K&H Bank’ s net profit exceeds HUF 50 billion in 2019 and K&H Insurance reaches HUF 5.8 billion net profit in 2019

K&H continues its digital transformation

K&H Bank had a strong financial performance, recording HUF 59.7 billion pre-tax profit in 2019. Net profit was HUF 50.9 billion, a 7% increase yoy in underlying profit. K&H Insurance reached HUF 5.8 billion net profit in 2019, an increase of 28% yoy. K&H continues to focus on investing in its digital transformation and efficiency. K&H has 450 000 digitally active clients. 600 000 K&H clients have a biometric profile.  More than 10 million tasks were performed by robots on 25 processes at K&H Bank and Insurance in 2019.

K&H was awarded both Bank of the Year and Best Bank in Hungary in 2019

K&H has received the “Bank of the Year in Hungary” award at the trade contest of international finance magazine The Banker, a Financial Times publication. Earlier this year K&H has also won the Euromoney “Best Bank in Hungary” Award for Excellence 2019 This is the fourth time that K&H has won both awards in the same year.  Bank of the Year accolade was handed out in London last night.

K&H Banking Group reports a net profit of HUF 37.7 billion and K&H Insurance a HUF 3.9 billion in the first 9 months of 2019

K&H’s innovative fully online cash loan in mobile app and e-bank reached 25% of new cash loan production in September. K&H Bank was the first on the market this autumn to introduce Sustainable and Responsible Investment (SRI) balanced fund managed in Hungary.

K&H Banking Group had a strong financial performance in the first 9 months of 2019, recording HUF 37.7 billion net profit, a 5% increase yoy on underlying basis. K&H Bank realised a net profit of HUF 11.4 billion in the third quarter of 2019.  K&H Insurance reached HUF 3.9 billion net profit in the first 9 months of 2019, an increase of 20% yoy. K&H’s innovative end-to-end online cash loan volume in its mobile bank app and e-bank reached 25% of new cash loan production.  K&H Bank was the first on the market this autumn to introduce SRI balanced fund managed in Hungary. By 31 October, K&H baby boom loan application volume amounted to HUF 39 billion.

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.