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K&H Bank profit jumps 171% in 2010

K&H Bank's consolidated after-tax profit jumped 171.2% to HUF 27.2 billion in 2010, CEO Hendrik Scheerlinck said.

Total assets rose 5.2% to HUF 3,223 billion in the twelve months to December 31, 2010.

The ratio of non-performing loans within K&H Bank's lending portfolio rose to 8.6% from 5.5% during the same period.

K&H Bank paid HUF 15 billion for an extraordinary levy on financial sector companies in 2010.

K&H Bank is owned by Belgium's KBC.