CEO Peter Roebben said profits had declined from the same period a year earlier because of bank levies and IT investments.

Lending stock rose 7% to HUF 3.193 trillion in the 12 months to the end of June. Outlays reached HUF 413 bln.

Stock of deposits climbed 7% to HUF 4.038 tln.

Assets managed in investments funds increased 20% to HUF 1.872 tln.

Profit of K&H’s insurance business reached HUF 5.2 bln.