press releases

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. 

K&H Banking Group recorded a profit of HUF 10.1 billion in 2017Q1

K&H Insurance profit was HUF 846 million in 2017Q1

K&H Banking Group closed 2017Q1 with an after-tax profit of HUF 10.1 billion. This amount compares to a profit of HUF 9.3 billion in 2016Q1 (+8%). The profit increase is due to higher business volumes, increasing number of customers served, continued low level of credit costs, and lower bank and corporate income taxes.  K&H Insurance in 2017Q1 realised an after-tax profit of HUF 846 million, HUF 10 million above same period previous year.

K&H Banking Group recorded a profit of HUF 39.2 billion in 2016

K&H Insurance 2016 profit was HUF 2.8 billion

K&H Banking Group closed 2016 with an after-tax profit of HUF 39.2 billion. This amount compares to a profit of HUF 37.9 billion in 2015. The profit increase is due to the combined effect of higher business volumes, more customers, decreasing credit costs and reducing bank tax.  The year also included one-off items such as the non-recurring impact of VISA transaction in Q2 and the negative deferred tax impact of the announced corporate income tax rate reduction in Q4. K&H Insurance in 2016 realised an after-tax profit of HUF 2.8 billion, HUF 881 million above previous year.