K&H Bank Q1 profit climbs to HUF 12.6 bln
Wikimedia Commons
K&H Bank had consolidated first-quarter after-tax profit of HUF 12.6 billion, up 19% year-on-year after adjustments for extraordinary items, the lender said on Wednesday, according to a report by state news wire MTI.
Outlays reached HUF 134 bln in Q1, lifting client loans to HUF 1.936 trillion at end-March, up 11% from 12 months earlier.
Loan contracts signed within the framework of the National Bank of Hungary's Funding for Growth Scheme Go! amounted to HUF 177 bln at the end of March.
K&H had total assets of HUF 4.324 tln at the end of March.
The bank's insurance unit had Q1 after-tax profit of HUF 2.6 bln. Revenue from premiums on general insurance policies came to HUF 16.9 bln, boosted by revenue from comprehensive vehicle policies, home policies, and SME policies.
Higher Fuel Prices Add 0.6-0.7 pp to CPI
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
