K&H Bank Q3 profit reaches HUF 12.8 bln
K&H Bank had consolidated after-tax profit of HUF 12.8 billion in the third quarter, the local unit of Belgiumʼs KBC said yesterday, Hungarian news agency MTI reported. K&Hʼs after-tax profit came to HUF 28.7 bln in Q1-Q3.
New client layouts came to HUF 164 bln in Q1-Q3. K&Hʼs market share of refinanced mortgage loans reached 34%.
Total assets at the bank stood at HUF 2.417 trillion at the end of Q3, down 12% compared to the same period a year earlier.
The NPL ratio fell to 15.2% from 15.6%, while new loan outlays to SMEs reached HUF 38 bln in the first three quarters, said K&H CEO Hendrik Scheerlinck.
In the second phase of the National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS) the bank distributed HUF 190 bln in loans, added Scheerlinck.
Client deposit volume stood at HUF 1.692 trillion at the end of September.
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