K&H: more than 50 percent increase in investments

By: Trademagazin Date: 2024. 03. 01. 11:11

The assets of K&H’s private banking clients in investment funds increased significantly, by more than 50 percent, to HUF 737 billion between January 2023 and 2024, the financial institution announced. In addition to the inflow of fresh capital, the outstanding performance of bond and mixed funds contributed to the expansion. Several funds produced double-digit returns, but there were also those that achieved a surplus of nearly 20 percent.

Inflation, which accelerated to a rarely seen high level, also posed a challenge to the savings market, but based on the January results, it appears that investments performed well. In January of this year, the assets of K&H’s private banking clients in investment funds exceeded HUF 737 billion, compared to HUF 481.7 billion a year earlier.

“Overall, this means an increase of more than HUF 255 billion, and an average daily surplus of almost HUF 700 million. On the other hand, total assets increased by more than 50 percent”

– said András Ábrahám, head of K&H private bank.