K&H Bank’s Q1 profit fall 19%

K&H Bank’s Q1 profit fall 19%

Published at: 2019-05-21 10:20 | Author: CIJEurope.com
K&H Bank’s first quarter profit fell 19 percent y-o-y to HUF 12.2bn. The lender’s net income for the three-month period, meanwhile, increased by nearly 5 percent. Driven by increases in net interest revenue and revenue from commissions and fees, the bank’s operating income was also up by 8 percent, totaling HUF 39.5bn. K&H, the Hungarian subsidiary of Belgium’s KBC Bank, operates 206 branches across Hungary and has around 1.5 million clients.



Photo: Thaler Tamas

Similar Stories:

Nova KBM to take over Slovenia’s Abanka
Nova KBM, a subsidiary of US fund Apollo, will take over Slovenian state-owned Abanka afte  »
Societe Generale Bank in Montenegro to be renamed Podgoricka Banka
Societe Generale Bank in Montenegro is poised to be officially renamed Podgoricka Banka AD  »
Raiffeisen's expansion in Bosnia reaches 100th branch office
Raiffeisen Bank has opened its 100th branch office in Bosnia in Sarajevo on Mrehemica squa  »
AIK takes over Gorenjska banka
AIK banka has taken over Slovenia’s Gorenjska banka. The acquisition by the Serbian bank  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »