K&H Bank named Hungary's best by Euromoney again

Telco

K&H Bank, the subsidiary of Belgian KBC, has been named “Hungary’s best bank” in Euromoney’s 2013 Awards for Excellence, K&H announced today. The bank won the title for the second year in a row.

Euromoney evaluated the liquidity of the bank to be the best among Hungary’s leading banks in terms of loan-to-deposit ratio, KBC CEO Hendrik Scheerlinck said.

KBC's first-quarter after-tax profit nearly doubled to HUF 6.1 bln year-on-year. Total assets rose 2% in twelve months to HUF 2,502 bln at the end of March, unaudited consolidated IFRS data show.

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