K&H Bank Ltd.


Address: K&H Bank Ltd., Vigado Ter 1, Budapest H-1051, Hungary.
Telephone: (36-1)-328-9000
Fax: (36-1)-328-9696
Email: khbinfo@khb.hu
Website: http://www.khb.hu
SWIFT: OKHBHUHB


Description:

In 2002, K&H Bank was the first to issue a microchip-based card in Hungary. This technology is much more secure than magnetic strip cards, since in addition to storing data, it allows for updates and can serve as personal identification. However, the most important news of the year was the introduction of a guaranteed money market fund, another first in Hungary. Subscription was successful, with the portfolio of the K&H Fix Plusz investment fund reaching over HUF 3.5 billion. K&H Fix Plusz 2, issued in February 2003, was received with similar enthusiasm. The roaring success of the two investment funds has made K&H Fund Manager the third largest fund manager on the market. Its business activities have been expanding year after year, and its profits are increasing dynamically.

K&H Bank is one of the largest banks in Hungary, the leader of the corporate banking market and the second strongest bank in the retail segment. As a Universal Banking Group, it offers its retail and corporate partners a full range of financial services through a network of 160 branch offices, various business lines, and subsidiaries. Having successfully launched its bankassurance concept on the Belgian market, K&H Bank’s majority shareholder KBC Bank and Insurance regards this area as a strategic issue for its subsidiaries in its second home, Central Europe. As the country’s second largest retail bank, K&H Bank manages the daily finances of almost half a million private individuals. In addition to conventional products, (e.g. account management, bank transfers, public utility debits, term deposits, housing and personal loans) a number of novel services are offered.

The bank focuses on retail bancassurance, asset management and corporate banking activities. With 3,863 employees (full-time equivalents at year-end 2005) and around 160 bank branches, K&H offers general banking services, including corporate banking, retail banking, brokerage, life insurance, asset and fund management, leasing, pension fund and insurance services.

Their primary aim is to offer their partners optimal solutions for their financial needs. To achieve this goal, they rely on their shareholders' centuries of professional experience and the committed, high-quality, and innovative work of their staff. As a Universal Banking Group, they offer a full range of financial services at almost 160 branch offices.

They assist their clients not only in finances related to their(clients) day-to-day operations, they also provide solutions when its comes to issues involving the European Union. Of all the commercial banks in Hungary, K&H Bank was the first to set up a Municipalities and EU Projects Department.




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