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k&hbank

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Entrepreneurial Partnership Can Add to Business Success

D&T
Nov 15, 2023

According to research by K&H Bank, building partnerships with other companies can contribute to the success of businesses, and the bank would therefore encourage business partnerships to boost entrepreneurship and improve their prospects, K&H told MTI on Wednesday. According to their data, by September this year, the number of newly registered sole proprietorships had dropped […]

K&H Bank's H1 2023 Results Up Significantly

D&T
Sep 11, 2023

K&H Bank's profit in the first half of this year was HUF 35.8 billion, up from HUF 9.7 billion a year earlier, driven by lending and an expanding customer base, the bank said at a press conference in Budapest on Monday.  Guy Libot, CEO of K&H Group, said that despite the negative impact of the […]

Businesses' Employment Intentions Have Strengthened

D&T
Mar 8, 2023

The employment intention of businesses has strengthened in Hungary, with around a quarter of firms planning to hire staff, while the share of those thinking of making redundancies is again below 10%, according to the K&H bank’s latest SME confidence index research. The statement highlights that companies are preparing for an average 11% salary increase, […]

K&H Bank's Profit Down 10% Last Year

D&T
Feb 20, 2023

K&H Bank's profit after tax decreased by 10% to HUF 67.6 billion in 2022, Attila Gombás, head of K&H Bank's financial division, said at an online press conference on Monday. He pointed out the decline was mainly due to the fact that their operating costs increased more than revenues, and the impact of special taxes […]

More Innovators among Larger Firms

D&T
Feb 3, 2023

Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]

Slight Improvement in the Confidence Index of Companies

D&T
Jan 5, 2023

The confidence index showing the one-year expectations of Hungarian micro, small and medium-sized enterprises remained in the negative range in the last quarter, but the indicator improved by the end of the year, dropping from minus 14 in the previous quarter to minus seven points, K&H group highlighted in its announcement. According to the financial […]

Agriculture: Innovation and Digital Development

D&T
Jan 3, 2023

The agricultural sector is receptive to innovation and digital development, but farmers tend to be cautious in their use of these technologies, according to K&H Bank's innovation-based agricultural research told. In the research the results of which were sent to the state news agency MTI on Tuesday, the decision-makers responsible for innovation issues of 360 […]

The Majority of Young People Expect a Pay Rise

D&T
Dec 23, 2022

69% of young people under 30 who have a job expect a pay rise next year in Hungary, while only 6% fear a decrease, K&H Bank said on Friday, referring to its November survey. Despite the optimistic feedback, the K&H data shows that young people are also feeling the difficulties. In the previous quarterly survey, […]

K&H: Most Large Companies Still Expect HUF to Weaken

D&T
Dec 22, 2022

The majority of large companies' managers expect the Hungarian currency, the forint to weaken further until the summer, with almost all of them adversely affected by the exchange rate change, K&H Bank told the state news agency MTI on Thursday. According to their survey, 65% of respondents expect a weaker forint in the next six […]

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