K&H Bank

Bank Information

Bank Name K&H Bank
Bank Short Name K&H Bank
Bank Type Associate Bank
Operating Country Hungary
Number of Domestic Branches 163 (19 of which are dedicated Corporate branches)
Number of non-domestic Branches
Euro Information to follow

Registered Address

Vigado Ter 1
1051 Budapest, Vigado ter 1
Budapest

Description

K&H Bank, KBC’s majority-owned subsidiary in Hungary, has been an Associate Member of IBOS since 2004.

Contact Information

K&H Bank. Website: www.khb.hu

Profile

The bank was founded in 1987 by the Hungarian government and privatised in November 1998. At that time the shareholders were:
KBC Bank   23.1%
Irish Life   23.1%
EBRD    18.2%
ÁPV (State Holding Co.)  17.1%

A majority share was acquired by KBC Group in February 2001, giving them 98.5%. In July 2001 there was a merger with ABN Amro Magyar Bank and now the shares of K&H are owned by KBC Bank for 59.3% and ABN Amro Bank for 40.2%. KBC is in every sense the managing bank, with ABN relatively silent.

K&H has 163 branches, approx. 500,000 retail clients, and 70,000 corporate customers.  It supports 256 ATMs and 10,000 POS terminals. 100,000 chipcards are in issue. The bank supports sophisticated mobilinfo and e-banking services, and has a full bancassurance product line.

Cash Management in K&H Bank

K&H maintains a full range of payment services, stressing automation but also tailor-made solutions.

For Liquidity Management the bank offers zero-balancing (single currency) and notional pooling (single and cross-currency), both services being available on a domestic basis and cross-border.

It has over 10,000 users of eb services, being its own Electra platform, or the KBC Group W1SE offering, or direct interfaces.

It supports MT101 and 940, with MT941, 942 and automated 195 coming into production in 2005.

Major strengths of the K&H approach are:

  • Large client base: high proportion of payments are book transfers (both buyer and supplier in K&H Bank)
  • Strong international background: cross-border solutions
  • Straight Through Processing: quick & secure transaction handling
  • Dedicated cash management team: tailor-made solutions

Market Position

K&H is positioned 2nd in Corporate banking with a market share of loans 13.2%, and of deposits 12.3%, as well as 2nd in Retail banking with a market share of loans 7.8%, and of deposits 10.7%.

Rating

 

Membership of Clearings

 

Euro

Information to follow