K&H Bank’s Q1 profit fall 19%
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