K&H Bank to close nine branches, invest in online services

Telco

K&H Bank has decided to close nine bank branches in Hungary while investing HUF 6 bln between 2014 and 2017, HUF 1.5 bln y. o. y., into online services in the country, the bank announced yesterday. 

K&H Bank is the Hungarian unit of Belgium's KBC. KBC's first-quarter net profit nearly doubled to €397 mln from a year earlier. Total assets rose 2% in twelve months to HUF 2,502 bln at the end of March, unaudited consolidated IFRS data show.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.