K&H Q1 profit lifted by lower costs, taxes

Banking

The K&H banking groupʼs first-quarter after-tax profit rose 8% year-on-year to HUF 10.1 billion as client numbers rose while costs and taxes fell, CEO David Moucheron said at a press conference today, Hungarian news agency MTI reported.

Moucheron noted that the bank levy and the corporate tax rate had been reduced this year. K&Hʼs outlays reached HUF 57 bln in Q1.

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