Are you sure?

K&H Bank puts 2005 profits into reserves

Shareholders of K&H Bank Rt approved at an AGM on Wednesday the board's proposal to place all of 2005's after-tax profit of Ft 17.7 billion into profit reserves, CEO John Hollows said after the meeting.

Hollows said K&H expects to grow rapidly in the coming years, for which capital will be required. Profits in 2005 exceed the targets in the business plan, and the bank expects even bigger profit growth in 2006, he said.