K&H: more than 50 percent increase in investments
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.
Related news
Shrink inflation is getting worse
Dishwashing detergent, sweets, sour cream, cottage cheese, kefir and camembert…
Read more >K&H: Is the digital glass ceiling coming?
With regard to artificial intelligence, we talk a lot about…
Read more >Related news
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the…
Read more >Shrink inflation is getting worse
Dishwashing detergent, sweets, sour cream, cottage cheese, kefir and camembert…
Read more >NGM: innovation means the future of the food industry, State Secretary Gergely Fábián handed over new developments
In the framework of the Food Supplier Development Program (ÉLIP…
Read more >