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K&H Bank

K&H Bank's net profit rose 5.76% to HUF 41,669 mil in 2017

By Helgi Library - May 21, 2018

K&H Bank made a net profit of HUF 41,669 mil in 2017, up 5.76% compared to the previous year. This implies a return on equit...

K&H Bank's net profit rose 5.76% to HUF 41,669 mil in 2017

By Helgi Library - May 21, 2018

K&H Bank made a net profit of HUF 41,669 mil in 2017, up 5.76% compared to the previous year. This implies a return on equit...

K&H Bank's npls (as % of loans) fell 29.7% to 5.17% in 2017

By Helgi Library - May 21, 2018

K&H Bank's non-performing loans reached 5.17% of total loans at the end of 2017, down from 7.34% compared to the previous yea...

Profit Statement 2015 2016 2017
Net Interest Income HUF mil 73,883 69,254 71,973
Net Fee Income HUF mil 52,257 48,981 51,474
Other Income HUF mil 36,580 38,939 24,417
Total Revenues HUF mil 162,720 157,174 147,864
Staff Cost HUF mil 32,078 31,329 32,309
Operating Profit HUF mil 60,625 67,984 54,843
Provisions HUF mil 13,090 5,703 75.0
Net Profit HUF mil 37,863 39,400 41,669
Balance Sheet 2015 2016 2017
Interbank Loans HUF mil 73,632 17,767 199,515
Customer Loans HUF mil 1,133,990 1,179,520 1,331,010
Total Assets HUF mil 2,609,400 2,856,130 3,041,320
Shareholders' Equity HUF mil 217,536 259,365 266,024
Interbank Borrowing HUF mil 349,762 172,500 302,993
Customer Deposits HUF mil 1,684,180 2,131,480 2,293,310
Issued Debt Securities HUF mil 252,174 231,937 156,983
Ratios 2015 2016 2017
ROE % 19.1 16.5 15.9
ROA % 1.50 1.44 1.41
Costs (As % Of Assets) % 4.04 3.26 3.15
Costs (As % Of Income) % 62.7 56.7 62.9
Capital Adequacy Ratio % 13.0 14.6 16.0
Net Interest Margin % 2.92 2.53 2.44
Loans (As % Of Deposits) % 67.3 55.3 58.0
NPLs (As % Of Loans) % 10.2 7.34 5.17
Provisions (As % Of NPLs) % 46.6 47.5 47.3
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.68 -3.41 -5.92
Operating Cost Growth % -41.1 -12.6 4.30
Operating Profit Growth % -559 12.1 -19.3
Net Profit Growth % -234 4.06 5.76
Customer Loan Growth % -5.23 4.02 12.8
Total Asset Growth % 6.82 9.46 6.48
Customer Deposit Growth % -6.65 26.6 7.59
Shareholders' Equity Growth % 21.0 19.2 2.57
Employees 3,536 3,654 3,477

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Net Interest Income HUF mil                         102,604 73,993 77,193 81,958 73,883    
Total Revenues HUF mil                         151,684 125,390 150,037 160,028 162,720    
Operating Profit HUF mil                         83,549 40,205 43,784 -13,218 60,625    
Net Profit HUF mil                         586 20,457 17,488 -28,290 37,863    
balance sheet                                      
Interbank Loans HUF mil                         74,855 71,345 78,348 57,398 73,632    
Customer Loans HUF mil                         1,565,870 1,189,000 1,147,350 1,196,590 1,133,990    
Debt Securities HUF mil                         954,020 1,021,690 1,091,740 661,362 244,989    
Total Assets HUF mil                         2,870,740 2,462,190 2,562,270 2,442,840 2,609,400    
Shareholders' Equity HUF mil                         194,676 215,870 212,490 179,716 217,536    
Interbank Borrowing HUF mil                         639,408 288,462 290,350 298,344 349,762    
Customer Deposits HUF mil                         1,756,360 1,728,750 1,881,910 1,804,120 1,684,180    
Issued Debt Securities HUF mil                         42,124 33,851 30,770 47,516 252,174    
ratios                                      
ROE %                         0.282 9.97 8.17 -14.4 19.1    
ROA %                         0.019 0.767 0.696 -1.13 1.50    
Costs (As % Of Assets) %                         2.23 3.19 4.23 6.92 4.04    
Costs (As % Of Income) %                         44.9 67.9 70.8 108 62.7    
Capital Adequacy Ratio %                         11.4 12.9 14.2 11.6 13.0    
Net Interest Margin %                         3.36 2.77 3.07 3.27 2.92    
Interest Income (As % Of Revenues) %                         67.6 59.0 51.4 51.2 45.4    
Fee Income (As % Of Revenues) %                         19.4 22.4 32.6 32.0 32.1    
Staff Cost (As % Of Total Cost) %                         43.0 37.1 27.4 16.8 31.4    
Equity (As % Of Assets) %                         6.78 8.77 8.29 7.36 8.34    
Loans (As % Of Deposits) %                         89.2 68.8 61.0 66.3 67.3    
Loans (As % Assets) %                         54.5 48.3 44.8 49.0 43.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...         6.59 13.6 17.5 18.1 10.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...         131 59.9 50.2 52.5 46.6    
valuation                                      
Book Value Per Share Growth % ...                       -3.08 -27.9 4.32 6.17 -9.85    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Interest Income HUF mil                         198,470 161,804 140,421 118,952 101,807    
Interest Cost HUF mil                         95,866 87,811 63,228 36,994 27,924    
Net Interest Income HUF mil                         102,604 73,993 77,193 81,958 73,883    
Net Fee Income HUF mil                         29,418 28,067 48,863 51,214 52,257    
Other Income HUF mil                         19,662 23,330 23,981 26,856 36,580    
Total Revenues HUF mil                         151,684 125,390 150,037 160,028 162,720    
Staff Cost HUF mil                         29,308 31,570 29,065 29,113 32,078    
Depreciation HUF mil                         6,408 7,515 7,633 6,676 6,876    
Other Cost HUF mil                         32,419 46,100 69,555 137,457 63,141    
Operating Cost HUF mil                         68,135 85,185 106,253 173,246 102,095    
Operating Profit HUF mil                         83,549 40,205 43,784 -13,218 60,625    
Provisions HUF mil                         79,157 13,629 22,788 15,105 13,090    
Extra and Other Cost HUF mil                         -342 -402 -257 -41.0 0    
Pre-Tax Profit HUF mil                         4,734 26,978 21,253 -28,282 47,535    
Tax HUF mil                         4,148 6,521 3,765 8.00 9,672    
Minorities HUF mil                         0 0 0 0 0    
Net Profit HUF mil                         586 20,457 17,488 -28,290 37,863    
growth rates                                      
Net Interest Income Growth % ...                       -3.08 -27.9 4.32 6.17 -9.85    
Net Fee Income Growth % ...                       -2.93 -4.59 74.1 4.81 2.04    
Total Revenue Growth % ...                       -4.11 -17.3 19.7 6.66 1.68    
Operating Cost Growth % ...                       -21.4 25.0 24.7 63.1 -41.1    
Operating Profit Growth % ...                       16.8 -51.9 8.90 -130 -559    
Pre-Tax Profit Growth % ...                       -86.9 470 -21.2 -233 -268    
Net Profit Growth % ...                       -97.8 3,391 -14.5 -262 -234    
market share                                      
Market Share in Revenues %                         11.4 13.9 15.0 15.1 19.1    
Market Share in Net Profit % ...                       ... ... 56.1 ... ...    
Market Share in Employees %                         8.48 8.99 8.41 8.44 9.26    
Market Share in Branches % ... ... ... ... ... ...     ... ... ... ... ... 6.79 6.78 6.75 7.43    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Cash HUF mil                         161,398 78,784 153,104 423,651 117,666    
Interbank Loans HUF mil                         74,855 71,345 78,348 57,398 73,632    
Customer Loans HUF mil                         1,565,870 1,189,000 1,147,350 1,196,590 1,133,990    
Retail Loans HUF mil                         673,280 541,786 492,842 450,921 458,605    
Mortgage Loans HUF mil ... ... ... ... ... ... ... ...         611,554 497,338 459,722 420,921 432,627    
Consumer Loans HUF mil ... ... ... ... ... ... ... ...         61,726 44,448 33,120 30,000 25,978    
Corporate Loans HUF mil                         762,588 517,218 524,504 605,945 531,915    
Debt Securities HUF mil                         954,020 1,021,690 1,091,740 661,362 244,989    
Fixed Assets HUF mil                         58,252 57,460 55,047 49,372 49,289    
Total Assets HUF mil                         2,870,740 2,462,190 2,562,270 2,442,840 2,609,400    
Shareholders' Equity HUF mil                         194,676 215,870 212,490 179,716 217,536    
Of Which Minority Interest HUF mil                         0 0 0 0 0    
Liabilities HUF mil                         2,676,070 2,246,320 2,349,780 2,263,120 2,391,860    
Interbank Borrowing HUF mil                         639,408 288,462 290,350 298,344 349,762    
Customer Deposits HUF mil                         1,756,360 1,728,750 1,881,910 1,804,120 1,684,180    
Retail Deposits HUF mil                 ... ... ... ... ... ... ... ... ... ... ...
Corporate Deposits HUF mil                 ... ... ... ... ... ... ... ... ... ... ...
Sight Deposits HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,035,520    
Term Deposits HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 648,666    
Issued Debt Securities HUF mil                         42,124 33,851 30,770 47,516 252,174    
Other Liabilities HUF mil                         238,171 195,264 146,753 113,139 105,742    
asset quality                                      
Non-Performing Loans HUF mil ... ... ... ... ... ... ... ...         108,499 186,022 235,260 238,731 121,085    
Gross Loans HUF mil                         1,645,240 1,371,770 1,343,730 1,321,880 1,190,430    
Total Provisions HUF mil                         141,811 111,422 118,040 125,288 56,439    
growth rates                                      
Customer Loan Growth % ...                       -6.86 -24.1 -3.50 4.29 -5.23    
Retail Loan Growth % ...                       -15.4 -19.5 -9.03 -8.51 1.70    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ...       -14.5 -18.7 -7.56 -8.44 2.78    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ...       -23.0 -28.0 -25.5 -9.42 -13.4    
Corporate Loan Growth % ...                       0.944 -32.2 1.41 15.5 -12.2    
Total Asset Growth % ...                       -11.1 -14.2 4.06 -4.66 6.82    
Shareholders' Equity Growth % ...                       -12.0 10.9 -1.57 -15.4 21.0    
Customer Deposit Growth % ...                       8.20 -1.57 8.86 -4.13 -6.65    
Retail Deposit Growth % ...               ... ... ... ... ... ... ... ... ... ... ...
Corporate Deposit Growth % ...               ... ... ... ... ... ... ... ... ... ... ...
market share                                      
Market Share in Customer Loans %                         8.49 7.42 7.48 7.98 8.51    
Market Share in Corporate Loans %                         11.1 8.70 9.18 10.3 10.0    
Market Share in Retail Loans % ... ... ... ... ... ... ... ...         1.81 1.50 1.24 1.21 1.26    
Market Share in Consumer Loans %                         8.79 8.33 8.19 7.75 9.06    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...         14.4 14.1 13.8 12.6 14.4    
Market Share in Total Assets %                         7.57 7.14 7.25 6.68 7.24    
Market Share in Customer Deposits %                         12.0 11.8 12.6 11.3 9.41    
Market Share in Retail Deposits %                 ... ... ... ... ... ... ... ... ... ... ...
Market Share in Corporate Deposits %                 ... ... ... ... ... ... ... ... ... ... ...
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE %                         0.282 9.97 8.17 -14.4 19.1    
ROA %                         0.019 0.767 0.696 -1.13 1.50    
Costs (As % Of Assets) %                         2.23 3.19 4.23 6.92 4.04    
Costs (As % Of Income) %                         44.9 67.9 70.8 108 62.7    
Capital Adequacy Ratio %                         11.4 12.9 14.2 11.6 13.0    
Net Interest Margin %                         3.36 2.77 3.07 3.27 2.92    
Interest Spread % ...                       3.13 2.50 2.84 3.15 2.83    
Asset Yield %                         6.51 6.07 5.59 4.75 4.03    
Cost Of Liabilities % ...                       3.37 3.57 2.75 1.60 1.20    
Interest Income (As % Of Revenues) %                         67.6 59.0 51.4 51.2 45.4    
Fee Income (As % Of Revenues) %                         19.4 22.4 32.6 32.0 32.1    
Other Income (As % Of Revenues) %                         13.0 18.6 16.0 16.8 22.5    
Cost Per Employee USD per month                         3,469 3,164 3,166 3,053 2,759    
Cost Per Employee (Local Currency) HUF per month                         697,610 711,998 708,212 728,116 755,986    
Staff Cost (As % Of Total Cost) %                         43.0 37.1 27.4 16.8 31.4    
Equity (As % Of Assets) %                         6.78 8.77 8.29 7.36 8.34    
Loans (As % Of Deposits) %                         89.2 68.8 61.0 66.3 67.3    
Loans (As % Assets) %                         54.5 48.3 44.8 49.0 43.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...         6.59 13.6 17.5 18.1 10.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...         131 59.9 50.2 52.5 46.6    
Provisions (As % Of Loans) %                         9.06 9.37 10.3 10.5 4.98    
Cost of Provisions (As % Of Loans) %                         4.88 0.989 1.95 1.29 1.12    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
Branches ... ... ... ... ... ...     ... ... ... ... ... 226 220 210 209    
Employees                         3,501 3,695 3,420 3,332 3,536    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Clients mil ... ... ... ... ... ... ...   ... ... ... ... ... ... 1.60 ... ... ... ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 61.5    

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K&H Bank's npls (as % of loans) fell 29.7% to 5.17% in 2017

By Helgi Library - May 21, 2018

K&H Bank's non-performing loans reached 5.17% of total loans at the end of 2017, down from 7.34% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.1% in 2014 and an all time low of 5.17% in 2017. Provision coverage am...

K&H Bank's customer deposits rose 7.59% to HUF 2,293,310 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank's customer deposits reached HUF 2,293,310 mil in 2017, up 7.59% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. K&H Bank accounted for ...

K&H Bank's customer deposits rose 7.59% to HUF 2,293,310 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank's customer deposits reached HUF 2,293,310 mil in 2017, up 7.59% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. K&H Bank accounted for ...

K&H Bank's net interest margin fell 3.69% to 2.44% in 2017

By Helgi Library - May 21, 2018

K&H Bank's net interest margin amounted to 2.44% in 2017, down from 2.53% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.91% in 2001 and an all time low of 2.33% in 2008. The average margin ...

K&H Bank's net interest margin fell 3.69% to 2.44% in 2017

By Helgi Library - May 21, 2018

K&H Bank's net interest margin amounted to 2.44% in 2017, down from 2.53% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.91% in 2001 and an all time low of 2.33% in 2008. The average margin ...

K&H Bank's mortgage loans rose 7.39% to HUF 482,823 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank's mortgage loans reached HUF 482,823 mil in 2017, up 7.39% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,030 bil in 2017, up 3.67% when compared to the last year. K&H Bank accounted for 15.9% of ...

K&H Bank's mortgage loans rose 7.39% to HUF 482,823 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank's mortgage loans reached HUF 482,823 mil in 2017, up 7.39% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,030 bil in 2017, up 3.67% when compared to the last year. K&H Bank accounted for 15.9% of ...

K&H Bank's total revenues fell 5.92% to HUF 147,864 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank generated total banking revenues of HUF 147,864 mil in 2017, down 5.92% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last year....

K&H Bank's total revenues fell 5.92% to HUF 147,864 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank generated total banking revenues of HUF 147,864 mil in 2017, down 5.92% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last year....

K&H Bank's customer loans rose 12.8% to HUF 1,331,010 mil in 2017

By Helgi Library - May 22, 2018

K&H Bank's customer loans reached HUF 1,331,010 mil in 2017, up 12.8% compared to the previous year. Hungarian banking sector provided customer loans of HUF 13,845 bil in 2017, up 5.17% when compared to the last year. K&H Bank accounted for 9.61% ...

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K&H Bank is a Hungary-based financial service provider. It is the largest corporate and the second largest retail bank in the country with some 8% market share by total assets and 14% by total revenues. K&H Group’s product range includes conventional retail and corporate banking products (account management, investments, savings, credits, bank guarantees, bank card services, custody management, treasury, project finance, etc), as well as premium banking services, investment fund management, leasing, life, property and liability insurance, health and pension fund management, and securities trading. The Bank was founded in 1987 by the Hungarian state and was privatised in 1998. Belgium's KBC Bank owns 100% in the Bank.

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Finance

K&H Bank has been growing its revenues and asset by 1.22% and 2.30% a year on average in the last 10 years. Its loans and deposits have grown by -1.39% and 4.04% a year during that time and loans to deposits ratio reached 58.0% at the end of 2017. The company achieved an average return on equity of 8.60% in the last decade with net profit growing 1.32% a year on average. In terms of operating efficiency, its cost to income ratio reached 62.9% in 2017, compared to 65.2% average in the last decade.

Equity represented 8.75% of total assets or 20.0% of loans at the end of 2017. K&H Bank's non-performing loans were 5.17% of total loans while provisions covered some 47.3% of NPLs at the end of 2017.