Hungarian banking operation of KBC posts strong quarterly results
The K&H Bank Group posted HUF 37.7 bn net profit in January-September, which - excluding extraordinary items - corresponds to a 5% year-on-year growth, the bank said in a press release.
K&H Bank's Q3 2019 after-tax profit amounted to HUF 11.4 bn.
K&H Biztosító, the group's insurance arm, had HUF 3.9 bn after-tax profit in the first nine months, a growth of 20% in annual terms.
K&H's online personal credit service made up 25% of the bank's total new personal credit portfolio.
Customers submitted 4,000 applications for the prenatal baby support loan to the tune of HUF 39 billion.
MÁP+ subscriptions reached HUF 136 bn by 31 October.
The number of customers using K&H's mobile banking reached 365,000, which marks a 39% yr/yr growth. 9,000 customers started using the bank's mobile banking every month this year.
