Fact-checked by Grok 2 weeks ago

K&H Bank

K&H Bank, officially Kereskedelmi és Hitelbank Zrt., is a leading commercial bank in Hungary, fully owned by the Belgian KBC Bank N.V. since 2006 and founded on January 1, 1987, by the Hungarian state and state-owned enterprises in sectors such as agriculture, food industry, trade, and tourism. As one of the largest banks in the country, K&H holds the position of the third-largest by total assets with an 8.06% market share as of 2024, serving over 1 million customers and a significant corporate clientele through a network of more than 200 branches nationwide. The bank provides a comprehensive range of financial services, including retail banking products such as accounts, loans, mortgages, and credit cards; corporate banking solutions like financing, trade services, and cash management; as well as leasing, securities trading, and investment advisory through its integrated group structure that also encompasses insurance offerings. Historically, K&H expanded rapidly in the late and amid Hungary's transition to a , merging with IBUSZ in 1996 to become a major and later integrating AMRO's Hungarian operations in 2001, which boosted its assets to over HUF 1,145 billion at the time. evolved through in 1997, involving investors like the European Bank for Reconstruction and Development (EBRD) and , before KBC progressively acquired full control. In recent years, the bank has emphasized , growing its green loan portfolio by 57% to HUF 1,027 billion by end-2024, and achieving a net profit of HUF 50.2 billion in the first half of 2025. K&H has garnered international recognition for its performance, including being named Hungary's Best Bank by Euromoney in 2023, 2024, and Best Digital Bank in 2025, underscoring its leadership in both retail and corporate segments as a key player in Central and Eastern Europe's financial landscape.

History

Founding and Early Development

K&H Bank traces its origins to January 1, 1987, when it was founded as Országos Kereskedelmi és Hitelbank Rt. (OKHB), or National Commercial and Credit Bank, amid Hungary's shift to a two-tier banking system that separated central banking functions from commercial activities. This reform spun off OKHB from the (MNB), alongside the creation of two other major commercial banks: Budapest Bank and Hungarian Credit Bank (MHB). As the largest of these new entities at inception, OKHB inherited a substantial portion of the MNB's existing loan portfolio and client base, positioning it as a key player in the emerging market-oriented financial sector. In its early years, OKHB concentrated on core banking services within Hungary's transitioning economy, which was navigating the challenges of post-communist reforms, including price liberalization and enterprise restructuring. The bank primarily offered basic lending to corporations and state enterprises, alongside deposit-taking operations, to support economic stabilization and initial efforts. This focus addressed the immediate needs of a burdened by inherited non-performing loans and limited , while adhering to the new regulatory that emphasized viability over state-directed allocation. A significant step in OKHB's early development occurred in 1996, when it absorbed IBUSZ Bank from its founders, IBUSZ—a state-owned travel agency undergoing post-communist restructuring—and ÁB AEGON. IBUSZ Bank had been established as a financial subsidiary to handle related services for the travel sector, such as financing for tourism operations and agency transactions, reflecting broader efforts to diversify banking amid economic liberalization. This absorption broadened OKHB's scope into consumer-oriented financial products tied to emerging private sectors like tourism, enhancing its adaptability in the evolving market. These foundational moves set the stage for OKHB's subsequent privatization in the mid-1990s.

Privatization, Mergers, and Expansion

In 1997, K&H Bank underwent through a won by a consisting of Belgium's Kredietbank and Ireland's Assurance, with support from the European Bank for Reconstruction and Development (EBRD), which provided a USD 30 million subordinated loan that was later converted into an 18.2% equity stake. The initially acquired a 9.6% stake, which increased to 23.1% each for Kredietbank and following the EBRD's conversion, marking a significant shift from state ownership to foreign strategic investors and enabling modernization of the bank's operations. KBC Group, the successor to Kredietbank formed in 1998, progressively consolidated its control over K&H Bank. In 1999, KBC began increasing its stake from the initial 23%, and by early 2001, it acquired Life's shares, elevating its to approximately 91% ahead of further expansions. This full consolidation with KBC enhanced K&H's access to international resources and expertise, fostering growth in retail and corporate banking while integrating it into a broader European financial network. A pivotal merger occurred on July 1, 2001, when KBC combined K&H Bank with 's Hungarian subsidiary, ABN AMRO Magyar Bank, which had been formed in 1998 by integrating the Dutch bank's local operations with Hungarian Credit Bank (MHB)—acquired by in 1996. Post-merger, KBC held a 59% stake and 40%, resulting in a unified entity with total assets of HUF 1,145 billion and establishing K&H as Hungary's second-largest bank by , particularly strengthening its position in corporate banking and retail services. KBC further solidified its dominance by acquiring 's remaining 40.2% stake in 2005 for €510 million, achieving nearly full ownership by 2006 and reaching 100% by 2007, which broadened K&H's service offerings into and leasing through synergies with KBC's pan-European operations.

Leadership Changes and Recent Milestones

In May 2021, Guy Libot was appointed as CEO of K&H Group, succeeding David Moucheron; Libot had previously served as Senior General Manager of Group Finance at parent company KBC Group. K&H Bank's net profit after tax declined to 67.6 billion HUF in 2022, marking a 10% drop from the 75 billion HUF recorded in 2021, amid broader economic challenges including government measures and increased costs. By the end of 2021, K&H Bank achieved carbon neutrality in its own operations, having reduced by 56% since the 2015 baseline through measures such as switching to 100% green electricity; the bank set a target to further reduce emissions by 80% by 2030 relative to that baseline. In 2025, K&H Bank was recognized as Hungary's Best Bank for by Euromoney, highlighting its sustainability efforts, including a 74% reduction in emissions by 2024 compared to the 2015 baseline and full reliance on green electricity. In March 2025, the Central Bank imposed a fine of 10 million HUF on K&H Bank for deficiencies in its internal system related to IT operations.

Ownership and Governance

Ownership Structure

K&H Bank operates as a wholly owned of NV, a Belgian multinational banking and insurance holding company headquartered in . , listed on the stock exchange, focuses on integrated bank-insurance services for retail, private banking, , and mid-cap clients across core markets including , the , and . KBC established majority control over K&H Bank following the 2001 merger with 's Hungarian operations, initially holding 59% of the shares while owned 40%. Full ownership was achieved in 2006 when KBC acquired 's remaining stake, increasing its holding to 99.7% and subsequently to 100%. As a private entity with no public listing, K&H Bank integrates into KBC's broader banking , leveraging cross-border synergies such as shared technology platforms and practices to enhance operations in . Within KBC's portfolio, K&H serves as the primary operation, driving the group's retail and commercial banking activities in the region through a of branches and digital channels.

Executive Leadership and Board

The of K&H Bank is Roebben, who assumed the role on January 1, 2025, following approval by relevant authorities. Roebben, previously CEO of 's Bulgarian operations since 2021, oversees the bank's overall strategy, with a focus on growth, innovation, and bancassurance leadership. His appointment succeeded Guy Libot, who transitioned to a senior management position within the parent in February 2025. Key executive roles include deputy-level positions such as Attila Gombás, Head of the Finance Division since October 2005, who manages financial operations and credit activities, and Lajos Beke, Head of the Services Division since May 2015, responsible for risk oversight and credit operations. These leaders form part of the broader Committee, which supports strategic implementation across divisions like , business banking, and operations. The Board of Directors, as of January 1, 2025, is chaired by Peter Andronov, a representative, with members including Christine Van Rijsseghem, Peter Roebben, Lajos Beke, Attila Gombás, and Elisa Marie Vlerick, ensuring alignment with parent company oversight. The , chaired by Krisztina Horváth since May 2023, includes additional KBC nominees such as Zdenek Tuma and Cedric Du Monceau, promoting diverse expertise in , nationality, and professional backgrounds to meet a 50/50 balance target in governing bodies. K&H Bank's governance practices emphasize compliance with EU banking regulations and standards from the , while integrating through the K&H Sustainability Programme established in 2021, which coordinates climate goals and reduces the group's . Digital transformation efforts are aligned with KBC Group's holistic approach, including system modernizations and in IT operations, to enhance and customer services. These practices reflect KBC's corporate standards for responsible banking and ethical oversight.

Operations and Financial Performance

Network and Workforce

K&H Bank maintains a nationwide branch network of approximately 210 locations across , with a particular concentration in urban centers such as to enhance customer accessibility. As of the end of 2024, the bank employs a of 3,912 staff members, enabling comprehensive support for its , corporate, and service channels. In response to evolving customer behaviors following the 2020 pandemic, K&H has adopted a operational model that seamlessly integrates its physical infrastructure with advanced mobile and online platforms, including the digital assistant, to expand reach and efficiency. The bank's operations remain primarily focused on the domestic Hungarian market, supplemented by limited international capabilities through its integration with the .

Key Financial Metrics

K&H Bank's total assets stood at HUF 6,115 billion as of March 31, 2025, reflecting steady growth from HUF 6,104 billion at the end of , supported by expansions in loans and deposits amid a challenging environment. In the first half of 2025, the bank reported an after-tax net of HUF 50.2 billion, a decline from HUF 66.9 billion in the same period of 2024, primarily due to higher operating costs and regulatory taxes amid inflationary pressures and economic uncertainty in . This followed a first-quarter after-tax of HUF 8 billion, highlighting a sequential improvement but overall year-on-year contraction influenced by external factors. Operating income rose 6% year-over-year to HUF 190 billion, driven by a 4% increase in , though this was partially offset by a 19% surge in operating expenses to HUF 128 billion, attributed to wage adjustments and investments in infrastructure. The bank faced significant regulatory burdens, paying HUF 48 billion in banking sector taxes during the first quarter of 2025 alone, underscoring the impact of Hungary's fiscal policies on financial institutions. Overall, profit trends in H1 2025 indicated despite the decline, with growth in loans (7% to HUF 3,193 billion) and deposits (7% to HUF 4,038 billion) providing a foundation for future recovery.

Services and Products

Retail and Private Banking

K&H Bank provides a range of core services tailored to individual consumers and households in , including account management, savings accounts, personal loans, and . The bank's basic HUF bank offers everyday transaction capabilities accessible through an extensive network of branches and ATMs, supporting seamless daily banking for personal use. Savings accounts feature flexible terms with attractive interest rates, allowing customers to build short-term deposits without fixed maturity periods. Personal loans and credit products, such as the K&H , enable financing for consumer needs with options for online applications and activation. In October 2001, K&H Bank launched its division to serve high-net-worth individuals, focusing on customized solutions. This service includes personalized investment advisory, developed in collaboration with K&H Treasury and K&H Fund Manager, covering global markets like bonds, equities, and forex to align with clients' risk profiles. Asset custody is provided with a high level of confidentiality, monitored by the parent for security, emphasizing preservation and growth of substantial private wealth. Digital innovations have enhanced K&H Bank's retail offerings, particularly through its platform, which supports contactless payments and real-time transaction alerts. The K&H mobilbank app allows users to check balances, initiate transfers, and manage cards remotely, with features like integration for secure, token-based contactless transactions. In 2020, the bank introduced the K&H+ mobility solution within the app, providing automated access to over 460,000 users for streamlined . The K&H mobilinfo service delivers notifications for account activities, ensuring timely alerts on transactions. K&H Bank's retail segment targets individual and small household needs in 's competitive market, prioritizing accessible and low-cost options to broaden . The bank maintains a strong position in providing affordable entry-level services through its nationwide branch presence.

Corporate Banking and Specialized Services

K&H Bank's corporate banking division provides a range of tailored financial solutions for small and medium-sized enterprises () and larger corporations in , focusing on , liquidity, and needs. Key offerings include SME loans such as loans to address temporary shortages and loans for medium- to long-term projects, enabling expansion and . Project financing is supported through specialized loans for capital investments, including those secured by public warehouse receipts for agricultural and trade-related initiatives. Treasury management services help corporate clients optimize and mitigate market risks, with tools for hedging exchange rates, interest rates, and commodities via spot, forward, and arrangements. For support, the bank offers bank guarantees to secure or obligations to partners and authorities, alongside factoring services through K&H , which advances up to 80% of receivable values to improve short-term . In investment services, K&H facilitates securities trading, including government bonds on primary and secondary markets, and provides access to deposit and investment products customized for business liquidity needs. management is handled via its subsidiary K&H Fund Management, offering flexible open-ended funds across , , balanced, and categories for institutional and corporate investors. Advisory services deliver professional guidance on and portfolio strategies to align with mid-to-large enterprises' financial goals. Specialized areas include leasing solutions for fixed assets like machinery, equipment, and vehicles, provided without credit assessment fees and with favorable terms. Business bank card services, such as the K&H Business Card, allow 24/7 cash withdrawals and purchases domestically and internationally, supporting fleet and operational expenses. As a key player in Hungary's corporate sector, K&H leverages its parent company KBC Group's international network across 28 countries in , , and for cross-border financing, including letters of credit, standby credits, and non-recourse purchase financing to aid exporters.

Insurance and Subsidiary Offerings

K&H Insurance, operated through its subsidiary K&H Biztosító Zrt., provides a comprehensive range of life, non-life, and insurance products tailored to private individuals and small-to-medium enterprises (SMEs) in . Life insurance offerings include savings-based policies, risk coverage for individuals and payment protection, as well as group risk insurance for businesses. Non-life products encompass such as mandatory third-party liability (MTPL) and comprehensive casco coverage, protecting against fire, storm, water damage, and burglary, and in various packages. products focus on long-term savings solutions, experiencing growth amid Hungary's aging population, where the proportion of elderly individuals is projected to rise significantly, increasing demand for security. Beyond insurance, K&H Bank's subsidiary network extends to leasing, securities trading, and fund management, all operating under the unified K&H brand to support diversified financial needs. K&H Leasing, managed through entities like K&H Autópark Ltd. for vehicle financing and K&H Ingatlanlízing Ltd. for equipment and real estate leasing, facilitates flexible asset acquisition with options for favorable collateral and integrated insurance coverage. The securities arm, K&H Értékpapír Zrt., offers equities trading and brokerage services for Hungarian and international markets, supervised by the Czech National Bank through its parent structure. K&H Fund Management, a 100% owned subsidiary, specializes in investment fund management, including open-ended funds across money market, bond, balanced, and equity categories, alongside discretionary services for institutional clients. These subsidiaries are closely integrated with operations, enabling bundled services such as insurance-linked loans and combined financing packages available directly through K&H branches, agents, and online platforms. This synergy enhances customer access and promotes , with insurance products often tied to banking and leasing to provide holistic financial protection. The insurance segment, in particular, contributes meaningfully to group profitability; K&H Biztosító Zrt. reported a net profit of 5.2 billion HUF in the first half of 2025 and 0.8 billion HUF in the first quarter of the same year, reflecting steady performance despite market challenges.

Sustainability and Community Engagement

Environmental Initiatives

K&H Bank achieved carbon neutrality in its own operations by the end of 2021, offsetting remaining emissions through projects such as the Envira Amazonia in the () and the Katingan Mentaya in , ahead of broader green finance targets set for 2050. This milestone was reached after reducing direct by 56% compared to the 2015 baseline, with full reliance on green energy sources. By 2024, the bank further cut its operational CO₂ emissions by 73% versus the 2015 baseline, totaling 5,394 tonnes, and committed to an 80% reduction target by 2030, while sourcing 100% green electricity for its facilities. In , K&H integrates (ESG) criteria into its lending policies, emphasizing support for and green real estate while excluding financing for high-carbon activities such as production, and gas , deforestation-linked projects, and non-Euro VI compliant trucks. The bank's green loan portfolio reached HUF 461.2 billion in outstanding EU taxonomy-aligned financing by 2024, contributing to a more through products like green business loans and leasing for electric vehicles. Additionally, K&H manages 27 responsible investment funds with over HUF 1,000 billion in assets, holding more than 50% market share in sustainable finance disclosure regulation (SFDR) Articles 8 and 9 funds in . These efforts earned K&H recognition as Hungary's best sustainable bank in 2025 by Euromoney's Awards for Excellence, marking the second consecutive year for the and highlighting its leadership in financing exceeding EUR 1 billion with over 20% market share in retail and corporate sectors. The accolade also acknowledged the bank's innovative tools, such as residential calculators and agricultural emission trackers, alongside its operational advancements.

Sponsorships and Social Contributions

K&H Bank has been a prominent of sports initiatives, particularly supporting the Paralympic Committee as its official financial institution and silver , including scholarships for athletes preparing for the Games. The bank extended this partnership to e-sports, sponsoring the K&H National E-sport Championship, Junior Cup, and University E-sport Cup in 2023, while launching a Women’s E-sport Division in 2024 to promote gender diversity in gaming. In community programs, K&H emphasizes through the longstanding K&H Ready, Steady, Money! competition, which engaged 8,721 students from 429 schools in the 2022-2023 and expanded to 12,305 participants from 504 schools in 2023-2024, fostering early financial awareness via quizzes and apps with over 34,000 downloads. For small and medium-sized enterprises (SMEs), the bank offers targeted support via the K&H Gap in the Market initiative, which provides startup resources including a 2023 community map for business planning, and the K&H Excellence Award, recognizing seven winners across four categories in 2023. Cultural partnerships include support for productions, aligning with the bank's efforts to enrich Hungary's cultural landscape. The bank's social impact extends to charitable contributions and education, guided by its alignment with the KBC Group's corporate social responsibility (CSR) framework, which emphasizes community resilience and ethical operations. Through the K&H MediMagic program, it donated HUF 875 million in medical equipment across 551 instances since inception, including HUF 20 million in 2023 for pediatric metabolic disorder treatments, while the K&H Healers of the Future Award granted HUF 1.3 million each to eight young pediatricians in 2023. Education initiatives include the K&H STEM competition for IT students and the K&H go! PE Teacher of the Year program, awarding 60 county-level and three national prizes in 2024 to promote physical education. Additional support encompasses HUF 10 million donated to the SOS Children’s Village Life Start Fund in 2024 and the K&H Fit for Life Programme, aiding 16- to 24-year-olds in child protection with up to HUF 1 million for vocational training. Post-2023, K&H has expanded digital inclusion efforts to enhance banking access for underserved communities, with the Kate Digital Assistant reaching over 500,000 users in 2023 and offering 200+ functions for simplified interactions, alongside 770,000 digitally active customers by 2024 and 55% of new accounts opened online. Innovations like introducing pension insurance via in 2024 mark Hungary's first such service, broadening through accessible digital tools.

References

  1. [1]
    K&H bank and insurance
    K&H Bank is one of the leading banks in Hungary in retail services as well as in the corporate segment. Our main objective is to offer the best solutions to ...
  2. [2]
    history - K&H bank and insurance
    K&H Bank started in 1987, expanded, merged with IBUSZ Bank in 1996, and merged with ABN AMRO in 2001. KBC now owns 100% of the bank.
  3. [3]
    Kereskedelmi és Hitelbank Zrt (Hungary) - Bank Profile - TheBanks.eu
    In 2024, Kereskedelmi és Hitelbank Zrt achieved the position of 3rd largest bank in Hungary with a market share of 8.06%; its total assets grew by 8.19%.
  4. [4]
    private individuals - K&H bank and insurance
    K&H Bank and Insurance offers a full range of financial services including bank accounts, loans, insurance and savings products.Contact us · Bank accounts · K&H e-bank login · K&H retail e-bank
  5. [5]
    press - K&H bank and insurance
    Sep 5, 2025 · K&H stands out in the Hungarian banking market by having increased its green loan portfolio to HUF 153 billion, achieving a market share of ...Missing: history ownership
  6. [6]
    Hungary - Euromoney
    Jul 19, 2024 · The biggest of these international players is K&H Bank, owned by Brussels-based group KBC. July 19, 2024. 5 min read. Share.Missing: history | Show results with:history
  7. [7]
    awards - K&H bank and insurance
    International financial magazine Euromoney named K&H as “Hungary's Best Bank” for the second time in a row in the Euromoney Award for Excellence competition.
  8. [8]
    None
    ### Summary of OKHB Founding in 1987 and Related Details
  9. [9]
    (PDF) The Hungarian Financial System - ResearchGate
    The reform of the banking system in Hungary indeed laid the foundations. for the transition of the economy and preceded both domestic political reforms and.
  10. [10]
    BANK RESTRUCTURING IN HUNGARY - I. БBEL - jstor
    The newly-established commercial banks - the Hungarian Credit Bank (MHB), the National Commercial and Credit Bank (K&H) and the Budapest Bank (BB) -.Missing: OKHB | Show results with:OKHB
  11. [11]
    None
    ### Summary of IBUSZ Bank Acquisition and Formation
  12. [12]
    [PDF] Competition and Efficiency in Hungarian Banking
    Entry continued in 1991 with 6 more joint venture banks, including a new banking subsidiary of IBUSZ, the travel company that was successfully privatized and ...<|control11|><|separator|>
  13. [13]
    [PDF] Annual Report 1997 - EBRD
    the debt into equity, the Bank owns about 64 per cent of the total share capital of K&H together with strategic partners – Irish Life and Krediet Bank of ...
  14. [14]
    [PDF] How the Hungarian State-owned Banks were Privatised - EliScholar
    In 1987, when the two-tier banking system was introduced, it was licensed to operate as a full-service commercial bank, catering for multinationals, joint ...Missing: OKHB | Show results with:OKHB
  15. [15]
    KBC acquires IL&P Hungary stake - The Irish Independent
    Jan 30, 2001 · The catalyst for completing the transaction was probably the recent merger of Hungarian banks owned by KBC and ABN AMRO of the Netherlands.Missing: history | Show results with:history
  16. [16]
    KBC Group buys 99.7% of K&H Bank - Budapest Business Journal
    May 25, 2006 · The State Financial Supervisory Authority (PSzÁF) has approved Belgian KBC Group's plan to acquire a 99.7% stake of K&H Bank Rt.Missing: 1999 Irish Life 2007
  17. [17]
    [PDF] KBC Bank decides to buy 40% stake in K&H Bank (Hungary ... - AFM
    Dec 12, 2005 · The price of the 40.2% stake is set at 510 million euros (2.2 times 2004 book value). The acquisition will be immediately earnings accretive.
  18. [18]
    Change of CEO at K&H Group
    May 7, 2021 · 2021.05.07. Guy Libot, former Senior General Manager of Group Finance at KBC Group, replaces David Moucheron as CEO of K&H Group. Guy Libot ...
  19. [19]
    press - K&H bank and insurance
    Feb 12, 2024 · “K&H's retail loan portfolio grew by 4 percent year-on-year, while new production was 33 percent lower in full year 2023 than in full year 2022.Missing: revenue decline
  20. [20]
    Active role in financing the economy: K&H's total assets exceed HUF ...
    Feb 16, 2022 · K&H was one of the first banks in the Hungarian banking sector to achieve carbon neutrality by the end of 2021, which means that K&H fully ...
  21. [21]
    press - K&H bank and insurance
    K&H Bank's net profit reached HUF 8 billion, with HUF 48 billion paid in bank taxes in the first quarter of 2025; K&H Insurance recorded ...
  22. [22]
    [PDF] Sustainability Report | KBC Bank
    80% reduction in our own footprint by. 2030 (versus 2015 baseline). In 2024 ... its target of a 50% reduction by 2030 versus 2019. However, potential ...
  23. [23]
    Awards for Excellence national winners 2025: Hungary - Euromoney
    Jul 18, 2025 · Further reflecting its commitment to environmental concerns, K&H Bank reported a 74% reduction in its carbon footprint since 2015, with 5,243 ...Missing: press | Show results with:press
  24. [24]
    Daily Dash: Hungarian Central Bank Fines K&H Bank Over IT ... - Vixio
    Mar 31, 2025 · Hungary's national competent authority has imposed a fine of HUF10m (€25020) on K&H Bank for deficiencies in its internal regulatory ...
  25. [25]
    [PDF] Annual Report - KBC Bank
    Mar 28, 2025 · Annual Report KBC Group 2024. Shareholder structure of KBC Group NV1 (31 December 2024). Number of shares at the time of disclosure. Percentage.
  26. [26]
    the Bank's management - K&H bank and insurance
    Two years later, he was appointed CEO of KBC Bank Ireland. In 2021, he became CEO of the Bulgarian unit. He was appointed as CEO of K&H Group from 1 January ...<|separator|>
  27. [27]
    New CEO Appointed at K&H | Diplomacy & Trade
    Dec 15, 2024 · Guy Libot will take up a new senior management position within KBC Group from February 1, 2025, it was announced. According to the release, the ...
  28. [28]
    A holistic approach to Digital Transformation. - KBC Global
    KBC's holistic approach includes evaluating business models, adapting organizational capabilities, modernizing technology, and reviewing business model, ...Missing: K&H Bank sustainable finance
  29. [29]
    activities - K&H bank and insurance
    As a universal banking group, our Bank today operates around 210 branches all over the country, offering clients the full range of financial services. KBC Bank ...
  30. [30]
    [PDF] Risk Report
    Aug 28, 2023 · In 2022, we calculated the financed emissions of a selection of our portfolios using the methodology put forward by the Partnership for Carbon ...
  31. [31]
    K&H Group Books First Quarter After-tax Profit of HUF 8 bln
    May 21, 2025 · K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of 2025, down from HUF 21.3 billion in the base period.
  32. [32]
    K&H Bank's After-Tax Profit Declined in H1 2025 | Diplomacy & Trade
    Sep 4, 2025 · K&H Bank's after-tax profit fell to HUF 50.2 billion in the first half of the year, down from HUF 66.9 billion a year earlier, with government ...
  33. [33]
    K&H Insurance recorded a net profit of HUF 0.8 billion
    May 20, 2025 · K&H Bank reported a profit after tax of HUF 8 billion and the first quarter is impacted by HUF 48 billion bank tax. The bank's income increased ...Missing: revenue decline
  34. [34]
    K&H retail bank account - K&H bank and insurance
    Our basic HUF account management service. Take care of your daily banking in hundreds of K&H Bank branches. Access your account via hundreds of K&H ATMs.
  35. [35]
    savings accounts - K&H bank and insurance
    Savings accounts offer attractive interest terms for regular savings without the requirement to invest your money for a specific period.
  36. [36]
    K&H Mastercard credit card - K&H bank and insurance
    Apply online, ask for a call-back, collect application forms, visit branch, sign contract, activate credit card, Apple Pay mobile application service at K&H ...
  37. [37]
    private banking - K&H bank and insurance
    K&H Bank has offered private banking services to high-net-worth clients since October 2001. The objective of the K&H Private Banking Directorate is to build ...
  38. [38]
    K&H mobilbank - K&H bank and insurance
    K&H retail e-bank ... With our Internet-based banking service, you can conveniently take care of your transactions related to your bank accounts, bank cards and ...
  39. [39]
    press - K&H bank and insurance
    Nov 17, 2020 · K&H is continuing its digital innovations by launching K&H+, offering a mobility solution in its mobile bank app, automatically available to ...Missing: 2020s | Show results with:2020s
  40. [40]
    K&H mobilinfo - K&H bank and insurance
    K&H mobilinfo lets you check balances, get notifications for transactions, and receive one-off notifications via text. It is available in Hungarian, English ...Missing: real- | Show results with:real-
  41. [41]
    press - K&H bank and insurance
    Nov 14, 2022 · The bank's profit after tax is down by 48% to HUF 31 billion in the first three quarters of 2022 from HUF 59 billion in the corresponding period ...Missing: revenue | Show results with:revenue
  42. [42]
    corporate - K&H bank and insurance
    K&H Bank belongs to the KBC Group, an integrated Belgian bankinsurance group listed on the Euronext stock exchange, with more than 36,000 committed ...
  43. [43]
    K&H working capital loan - K&H bank and insurance
    K&H working capital loan · financing solution to help you stabilise the financial situation of your business and manage any temporary shortage of funds · details.
  44. [44]
    K&H investment loan - K&H bank and insurance
    K&H working capital loan. Financing solution to help you stabilise the financial situation of your business and manage any temporary shortage of funds. more ...
  45. [45]
    K&H warehouse loan - K&H bank and insurance
    K&H warehouse loan. flexible financing secured by public warehouse receipts. warehouse loans are primarily secured by public warehouse receipts deposited with ...
  46. [46]
    K&H treasury services - K&H bank and insurance
    We deal with market uncertainty with a toolkit ranging from spots and forwards to arrangements hedging exchange-rate, commodity or interest rate risk.
  47. [47]
    K&H bank guarantee - K&H bank and insurance
    We offer a wide range of bank guarantees to secure your company's payment or delivery obligations towards partners or the authorities and even to accompany ...
  48. [48]
    K&H Factor - K&H bank and insurance
    As part of its factoring services, K&H Factor keeps records of the amounts due to its clients from their prequalified buyers, advances an average 80% of the ...Missing: guarantees | Show results with:guarantees
  49. [49]
    investments - K&H bank and insurance
    innovative and flexible investment solutions to suit your specific needs and expectations; our dedicated dealers would be glad to think together with you ...
  50. [50]
    Government securities trading - K&H bank and insurance
    Government securities, a secure investment, can be traded on primary and secondary markets. Bonds after June 1, 2019 are tax-exempt. Tax is deducted from ...
  51. [51]
    K&H Fund Management - K&H bank and insurance
    K&H Fund Management, a 100% subsidiary of K&H Bank, aims to protect and increase client wealth, providing investment fund management since 1997.Missing: advisory | Show results with:advisory
  52. [52]
    K&H Fixed Assets Leasing Financing - K&H bank and insurance
    Apply for machinery and equipment financing with no credit assessment fee or handling costs, with a favorable collateral structure and asset insurance ...Missing: cross- border
  53. [53]
    business bank cards - K&H bank and insurance
    K&H Mastercard business bank card. Use it to make purchases or withdraw cash in and outside Hungary.Missing: cross- border
  54. [54]
    KBC Hungary - Commercial Banking - KBC Banking & Insurance
    Our product range includes K&H L/Cs, stand-by L/Cs, cash against documents (CADs) and K&H non-recourse purchase financing. Clients can use K&H Flexims to manage ...<|control11|><|separator|>
  55. [55]
    K&H bank and insurance
    We offer a wide range of life and non-life insurance products to private persons and SMEs. You can access our products in K&H branches as well as through tied ...Missing: subsidiary details
  56. [56]
    The young and the elderly – Hungarian Central Statistical Office
    The ageing of the Hungarian and European population, that is, the increase in the proportion of the elderly and the simultaneous decrease in the proportion ...
  57. [57]
    K&H Leasing - K&H bank and insurance
    Apply for machinery and equipment financing with no credit assessment fee or handling costs, with a favorable collateral structure and asset insurance options.
  58. [58]
    Equities trading (KBC Equitas) - K&H bank and insurance
    The operations of K&H Értékpapír are supervised by the Czech financial supervisory authority, the CNB (Czech National Bank), through its parent company, and ...
  59. [59]
    A K&H majdnem minden profitját elvitte az állam - Mfor.hu
    May 20, 2025 · Nik Vincke, a K&H Biztosító vezérigazgatója elmondta: „2025 első negyedévében 0,8 milliárd forint nettó nyereséget értünk el a 3,8 milliárd ...
  60. [60]
    K&H Bank Achieves Carbon Neutrality - Diplomacy & Trade
    Dec 28, 2021 · The statement highlighted that carbon emissions will be reduced to 80% by 2030 compared to 2015, which currently stands at 56%.
  61. [61]
    [PDF] sustainability activities of the K&H Group 2024 | KBC
    Already in 2021, KBC group, including K&H, achieved climate neutrality in terms of emissions from its own operations. We compensate for the remaining carbon ...Missing: press | Show results with:press
  62. [62]
    K&H became Hungary's best sustainable bank in 2025 again
    Sep 1, 2025 · In addition, the banking group reduced its own emissions by 74 percent by 2024 compared to the 2015 base, uses 100 percent green electricity in ...
  63. [63]
    None
    ### Summary of K&H Group Sustainability Report 2023
  64. [64]
    [PDF] K&H Group sustainability – guiding principles | BankTrack
    We consider environmentally aware management a key to sustainable development. We develop our corporate policy and practical tasks taking environmental concerns ...