K&H Bank’s profit fell by 10 percent last year

By: Trademagazin Date: 2023. 02. 20. 10:03

K&H Bank’s profit after tax fell by ten percent to HUF 67.6 billion in 2022, Attila Gombás, head of K&H Bank’s financial division, announced at an online press conference on Monday.

According to his information, the reason for the decrease is that their operating costs increased more than revenues, and the effect of special taxes also contributed to this. Government measures to alleviate the effects of the crisis on households and businesses cost K&H Bank és Biztosító 56 billion forints.

The bank’s total customer loans increased by 20 percent to HUF 2,582 billion in one year. The volume of new residential and corporate loans granted in 2022 reached HUF 680 billion. K&H was able to improve its market position in both retail and corporate lending, while the market’s lending activity decreased in the fourth quarter – explained Attila Gombás.