K&H Bank or ''Kereskedelmi és Hitelbank'' is one of the biggest
commercial banks
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with corp ...
in
Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...
, owned by
KBC Bank
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank ...
of
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
.
K&H Bank has total assets of HUF 2 826 billion and K&H is one of the leading financial institutions in Hungary in terms of both retail and corporate services.
K&H Bank has a nationwide network of more than 200 branches. It offers a full range of financial products, including conventional products: account management, investments, savings, loans, bank guarantees, bank card services, custody management, treasury, project financing, Private Banking services etc., as well as investment fund management, leasing, securities trading, factoring, life and pension insurance. These latter services are offered through subsidiaries.
Main shareholder
The majority owner of K&H Bank’s is KBC Bank and Insurance Group of Belgium, with 100% ownership.
KBC Bank
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank ...
Since founded in 1998 following the merger of Kredietbank, ABB Insurance, and CERA Bank of Belgium, KBC Bank has been dynamically expanding in Europe. Its staff of nearly 43,000 serve nine million clients in 30 countries.
KBC focuses special attention on Central Europe, where it has acquired stakes in Polish, Czech, Slovakian, and Slovenian banks. Kredietbank, the legal predecessor of KBC Bank, entered the Hungarian market in 1997 as the winner of the privatisation tender of K&H Bank, in which it has now increased its initial participation of 23 percent to 100 percent.
By the end of 2021, K&H announced that it will have achieved
carbon neutrality
Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ...
, with plans to reduce its carbon emissions to 80 percent by 2030 compared to 2015.
Sponsorship
The company has been the official jersery sponsor of the
Hungarian national basketball team
The Hungary men's national basketball team ( hu, Magyar nemzeti kosárlabda-válogatott) represents Hungary in international basketball tournaments. It is governed by the Hungarian Basketball Federation (MKOSZ).
Hungary's best period during int ...
.
See also
*
KBC Bank
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank ...
*
List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Asia has a list of banks operating in that coun ...
*
List of banks in Hungary
References
External links
K&H Bank official website
{{DEFAULTSORT:Kereskedelmi Es Hitelbank
Banks of Hungary
Banks established in 1987
Companies based in Budapest
Hungarian companies established in 1987