K&H Group earnings rise 22% in H1

Banking

First-half consolidated earnings of Hungary's K&H Group earnings rise 22% in H1, a unit of Belgium's KBC, climbed 22% year-on-year to HUF 31.2 billion, adjusted for one-offs, CEO Guy Libot said on Wednesday, according to a report by state news wire MTI.

Lending drove growth, Libot said, adding that stock of client loans reached HUF 1.875 trillion at the end of June, up 13% from 12 months earlier.

First-half retail outlays rose 44% to HUF 150 bln.

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