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Active role in financing the economy: K&H's total assets exceed HUF 5,000 billion

Profit growth was driven by lending in 2021, underlying profit increases by 26%

The Bank's underlying profit increased by 26% to HUF 73.9 billion last year. K&H Bank's profit after tax rose from HUF 42 billion in 2020 to HUF 75 billion in 2021. The 2020 profit had been reduced by impairments of HUF 30 billion primarily due to the pandemic related expected loss and modification loss on moratorium (while in 2021 HUF 3 billion impairment was released). The net profit of K&H Insurance reaches HUF 6.7 billion in 2021.

  • K&H Bank's total assets exceed HUF 5,000 billion in 2021
  • K&H's total loan portfolio increased by 13% to HUF 2,156 billion, while the volume of new loans reached HUF 608 billion
  • Income went up by 13%
  • K&H's range of services was further expanded with Green Home loans and Széchenyi GO cards
  • Digital transformation continued: K&H was the first financial institution to introduce an investment fund determined with the help of Artificial Intelligence-controlled models, and K&H has the most diverse range of smartwatch payment options
  • K&H's commitment to sustainability remains unbroken: by 2021 K&H achieved full carbon neutrality in its own operation

K&H Bank and K&H Insurance report net profits of HUF 59 billion and HUF 4.8 billion in Q3 2021, respectively

Ratio of digitally active K&H clients reaches 85%

K&H Bank reported a net profit of HUF 59 billion, while K&H Insurance posted a net profit of HUF 4.8 billion for the first nine months of 2021. The Bank’s underlying profit grew by 30% driven by increasing loan and deposit volumes. 

  • K&H’s total loan portfolio grew by 11% to HUF 2,071 billion, while new loan production reached HUF 444 billion 
  • Deposits volume grew to HUF 3,254 billion up by 12% and investment funds grew to HUF 744 billion up by 14%
  • K&H further improved its services: green loan was launched and Széchenyi GO card is available 
  • As many as 85% - i.e. 600 thousand clients - of K&H’s customers are digitally active
  • Digital transformation continued: K&H was the first to launch an investment fund whose assets are determined with the help of AI-controlled models, also K&H offers the widest range of smartwatch payment  
  • K&H’s commitment  to sustainability continues: it is to  achieve full carbon neutrality  of its own operation in 2021

K&H Bank reports a net profit of HUF 37.4 billion and K&H Insurance books a net profit of HUF 4.2 billion in 2021H1

82% of K&H’s customer base is already digitally active

K&H Bank closed H1 2021 with a net profit of HUF 37.4 billion and K&H Insurance booked a net profit of HUF 4.2 billion.

  • The bank’s underlying profit grew by 22% year-on-year and reached HUF 31.2 billion
  • K&H’s total loan portfolio grew by 13% to HUF 1,875 billion and new retail loan production reached  HUF 150 billion growing by 44% 
  • K&H has continued its digital transformation in innovation:  40% of account opening is through K&H instant account opening application and K&H Insurance launched instant electronic green card service for MTPL clients
  • K&H remains one of the market leaders in the financing of renewable energies, whose volume reached HUF 100 billion by the end of June 2021

K&H Bank reports a net profit of HUF 12.6 billion and K&H Insurance a HUF 2.6 billion net profit in 2021Q1

Strong growth in retail lending and increasing market shares
K&H continues innovations by launching instant account opening and Google Pay

K&H Bank recorded HUF 12.6 billion net profit and K&H Insurance reached a net profit  of HUF 2.6 billion in 2021Q1.

Change of CEO at K&H Group

Guy Libot, former Senior General Manager of Group Finance at KBC Group, replaces David Moucheron as CEO of K&H Group. Guy Libot has a long history of broad international experience in the financial sector, having worked for K&H for four years before. David Moucheron, former CEO of K&H Group, has been appointed CEO of KBC Bank Belgium.

K&H Bank reports a net profit of HUF 42.3 billion and K&H Insurance a HUF 8.3 billion in 2020

Strong market share increase in loans in all segments
K&H continued delivering its innovations in the banking mobile app with the launch of the K&H+ mobility solution on mobile and a unique instant account opening service

K&H Bank had resilient financial results  in 2020, recording HUF 42.3 billion net profit, a 6% increase yoy on underlying basis excluding the HUF 12.7 billion negativ pre-tax impact of exceptional  items. In 2020 K&H Insurance reached a profit after tax of HUF 8.3  billion.

K&H Trade Finance Service Receives International Award

K&H has earned the recognition of international financial magazine ‘Global Finance’ and was named winner of the “Best Trade Finance Provider in Hungary” award for the eighth time.

K&H Bank reports a net profit of HUF 31.7 billion and K&H Insurance a HUF 7 billion in the first 9 months of 2020
Sustained 16% increase in lending for the first 9 months yoy driven by the economic rebound in Q3

K&H continues delivering digital innovations with the launch of the K&H+ mobility solution

K&H Bank had resilient financial results  in the first 9 months of 2020, recording HUF 31.7 billion net profit, a 11% increase yoy on underlying basis excluding the HUF 11.2 billion negative pre-tax impact of exceptional  items.

In the first 9 months of  2020, K&H Insurance reached a profit after tax of HUF 7  billion.

  • In the first nine  months of the year, K&H provided a total of HUF 457 billion new loans and its total loan volume  increased by 16% yoy reaching HUF 1,863 billion driven by strong Q3.  
  • Transactional turnover in Q3  recovered from its bottom in Q2.  Strong business volumes have been driven  by the economic rebound of Q3, while a new slowdown is expected in Q4 due to the 2nd wave of the pandemic. 
  • Retail loans new production market share increased to 13.6% in Q3 (vs. 10.0% in Q32019).  
  • K&H has so far contracted Funding For Growth Hajrá loans in the value of HUF 130 billion. 
  • K&H is continuing its digital innovations by launching K&H+, offering a mobility solution in its mobile bank app, automatically available to more than 460 000 mobile bank users.

K&H Bank generates a net profit of HUF 7.1 billion in H1 2020
Despite high credit costs related to the expected future credit losses due to the pandemic, positive net result reported in both quarters

The net profit of K&H Insurance reaches HUF 5.5 billion in H1 2020

K&H Bank closed H1 2020 with net profits of HUF 7.1 billion including HUF 22.6 billion Covid-19 related exceptional negative items. Despite high credit costs, positive net result was reported in both quarters (Q1 2020: HUF 6.5 billion, Q2: HUF 0.6 billion). K&H Bank’s underlying profit increased by 12% yoy. In H1 2020, K&H Insurance reached a profit after tax of HUF 5.5 billion. In the first six months of the year, K&H provided a total of HUF 293 billion in new loans.  K&H continues its digital transformation and investments during Covid-19 pandemic. K&H is the first on the Hungarian market to offer fully digital, automated Home, Travel and MTPL insurance in a bank mobile application.

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%