press releases

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.

K&H wins ‘Bank of the Year in Hungary’ for the sixth time

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 reports a profit of HUF 32.2 billion in the first 9 months of 2017

Loan production 79% growth in the first nine months y-o-y, increasing loan portfolio by 8% y-o-y - K&H Insurance realised an after-tax profit of HUF 2.1 billion

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.

K&H Banking Group recorded a profit of HUF 22.5 billion in 1H2017

K&H Insurance profit was HUF 1.37 billion in 1H2017

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 company’s personality attracts employees

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.