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K&H Bank Q1-Q3 after-tax profit down 69.5%

K&H Bank, the Hungarian unit of Belgium's KBC Bank, generated consolidated after-tax profit of HUF 8.5 billion (€31.85 million) in the first three quarters of 2009, down 69.5% from the Q1-Q3 of 2008, K&H CEO Marko Vojc said at a press conference on Friday.

K&H Bank had total assets of HUF 3,081 billion at the end of the third quarter of 2009, up 11.8% from the end of Q3 of 2008.

The bank's credit-to-deposit ratio was 93.5%, compared to an average of well above 100% among other banks in Hungary, Vojc noted. (MTI-Econews)